USA: Labor cost

* indicates monthly or quarterly data series
The most recent value is 148.55 index points as of Q4 2024, an increase compared to the previous value of 146.64 index points. Historically, the average for the USA from Q1 1960 to Q4 2024 is 46.54 index points. The minimum of 3.17 index points was recorded in Q1 1960, while the maximum of 148.55 index points was reached in Q4 2024. Click on the following link to see the values of: Labor cost around the world.
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* indicates monthly or quarterly data series

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  • Measure: index points
  • Source: U.S. Bureau of Labor Statistics

Recent values USA: Labor cost index
2024  Q4 148.55
2024  Q3 146.64
2024  Q2 145.15
2024  Q1 144.45
2023  Q4 141.07
2023  Q3 139.58
2023  Q2 137.47
2023  Q1 135.79


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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 Reference Measure
 Labor force 170.72 2023 million people
 Unemployment rate 3.63 2023 percent
 Female unemployment 3.45 2023 percent
 Male unemployment 3.78 2023 percent
 Youth unemployment 7.90 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
 Hours worked 1,705.17 2023 hours
 Self-employment 6.28 2022 percent
 Employment 161.66 12/2024 million employed people
 Unemployment rate 4.10 12/2024 percent
 Labor cost 148.55 Q4/2024 index points
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