Track US Prelim Unit Labor Costs q/q as a key indicator of upcoming consumer inflation trends.
This indicator serves as a significant gauge of consumer inflation. When companies incur higher labor costs, these expenses are typically transferred to consumers. Although this data is quarterly, it is reported on an annualized basis (quarterly change multiplied by four). Due to the revision schedule, the historical data may appear inconsistent. The report is released in two stages—Preliminary and Revised—approximately a month apart, with the Preliminary version being the first and often having the greatest influence.
What it Measures
Annualized change in labor costs borne by businesses, with the exclusion of the agricultural sector.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it is favorable for the currency.
Source & Frequency
Bureau of Labor Statistics (latest release) - https://www.bls.gov/ • Published quarterly, around 35 days following the end of the quarter.
How Data is Derived
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Also Known As
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Acronym
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