Labor cost index in the USA, June, 2020
For that indicator, we provide data for the USA from Q1 1960 to Q2 2020. The average value for the USA during that period was 49.49 index points with a minimum of 3.91 index points in Q1 1960 and a maximum of 137.8 index points in Q1 2020.
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around the world.
* indicates monthly or quarterly data series
Measure: index points
Source: U.S. Bureau of Labor Statistics
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.