USA: Labor cost

* indicates monthly or quarterly data series
 USA

Labor cost index

 Latest value 143.48
 Reference Q1 2024
 Measure index points
 Data availability Q1 1960 - Q1 2024
 Average 45.37
 Min - Max 3.17 - 143.48
 Source U.S. Bureau of Labor Statistics
For that indicator, we provide data for the USA from Q1 1960 to Q1 2024. The average value for the USA during that period was 45.37 index points with a minimum of 3.17 index points in Q1 1960 and a maximum of 143.48 index points in Q1 2024. Click on the following link to see the values of Labor cost index around the world.
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* indicates monthly or quarterly data series


Recent values chart
USA - Labor cost - recent values

Historical chart
USA - Labor cost - historical chart - 1960-2024
Measure: index points
Source: U.S. Bureau of Labor Statistics


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Definition: The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.

 Related indicators Latest value Reference Measure
 Labor force 170.60 2023 million people
 Unemployment rate 3.65 2022 percent
 Female unemployment 3.47 2023 percent
 Male unemployment 3.80 2023 percent
 Youth unemployment 7.98 2023 percent
 Labor force participation 61.86 2023 percent
 Labor force: percent female 46.46 2023 percent
 Female labor force participation 56.51 2023 percent
 Male labor force participation 67.39 2023 percent
 Self-employment 6.28 2022 percent
 Employment 161.55 9/2023 million employed people
 Unemployment rate 3.80 9/2023 percent
 Labor cost 140.10 Q3/2023 index points
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