Unit Labour Costs measures the average cost of labor per unit of real output produced. It is a key indicator of wage inflation and the overall competitiveness of the economy. When labor costs rise faster than productivity, it often leads to higher consumer prices as businesses pass on the costs.
It is calculated by dividing total labor compensation by real output. The data is seasonally adjusted and expressed as a quarterly percentage change.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 3, 2026 | 1.30 | 1.30 | 0.00 |
| Aug 6, 2026 | 1.30 | 2.10 | -0.80 |
| Jun 4, 2026 | 1.30 | 2.50 | -1.20 |
| May 7, 2026 | 2.30 | 2.60 | -0.30 |
| Mar 24, 2026 | 4.60 | 3.50 | +1.10 |
| Mar 5, 2026 | 2.80 | 2.00 | +0.80 |
| Jan 29, 2026 | -1.90 | -1.90 | 0.00 |
| Jan 8, 2026 | -1.90 | 1.00 | -2.90 |
| Sep 4, 2025 | 1.00 | 1.20 | -0.20 |
| Aug 7, 2025 | 1.60 | 1.50 | +0.10 |
| Jun 5, 2025 | 6.60 | 5.70 | +0.90 |
| May 8, 2025 | 5.70 | 5.10 | +0.60 |
| Mar 6, 2025 | 2.20 | 3.00 | -0.80 |
| Feb 6, 2025 | 3.00 | 3.40 | -0.40 |
| Dec 10, 2024 | 0.80 | 1.50 | -0.70 |
| Nov 7, 2024 | 1.90 | 1.00 | +0.90 |
| Sep 5, 2024 | 0.40 | 0.80 | -0.40 |
| Aug 1, 2024 | 0.90 | 1.80 | -0.90 |
| Jun 6, 2024 | 4.00 | 4.90 | -0.90 |
| May 2, 2024 | 4.70 | 3.40 | +1.30 |
| Mar 7, 2024 | 0.40 | 0.60 | -0.20 |
| Feb 1, 2024 | 0.50 | 1.60 | -1.10 |
| Dec 6, 2023 | -1.20 | -0.90 | -0.30 |
| Nov 2, 2023 | -0.80 | 0.70 | -1.50 |
| Sep 7, 2023 | 2.20 | 1.90 | +0.30 |
| Aug 3, 2023 | 1.60 | 2.60 | -1.00 |
| Jun 1, 2023 | 4.20 | 6.00 | -1.80 |
| May 4, 2023 | 6.30 | 5.50 | +0.80 |
| Mar 2, 2023 | 3.20 | 1.60 | +1.60 |
| Feb 2, 2023 | 1.10 | 1.50 | -0.40 |
| Dec 7, 2022 | 2.40 | 3.10 | -0.70 |
| Nov 3, 2022 | 3.50 | 4.10 | -0.60 |
| Sep 1, 2022 | 10.20 | 10.70 | -0.50 |
| Aug 9, 2022 | 10.80 | 9.50 | +1.30 |
| Jun 2, 2022 | 12.60 | 11.60 | +1.00 |
| May 5, 2022 | 11.60 | 9.90 | +1.70 |
| Mar 3, 2022 | 0.90 | 0.30 | +0.60 |
| Feb 3, 2022 | 0.30 | 1.50 | -1.20 |
| Dec 7, 2021 | 9.60 | 8.30 | +1.30 |
| Nov 4, 2021 | 8.30 | 7.00 | +1.30 |
| Sep 2, 2021 | 1.30 | 0.90 | +0.40 |
| Date | First print | Current | Revision |
|---|---|---|---|
| Jun 4, 2026 | 1.80 | 1.30 | -0.50 ↓ |
| Mar 24, 2026 | 4.40 | 4.60 | +0.20 ↑ |
