GDP components · United States
United States Unit Labour Costs QoQ Final
The United States Unit Labour Costs QoQ Final is one part of the national accounts of the United States: what households spend, what businesses invest, what they earn, or how productive workers are.
- Wichtigkeit
- Medium
- Veröffentlicht
- Quarterly
- Nächste Veröffentlichung
- Währung
- USD · US dollar
- Zentralbank
- The Federal Reserve
Neueste Zahlen
Die letzte Veröffentlichung, für Q2, erschien am 2026-09-03 und lag bei 1.2%. Das liegt unter dem Konsens von 1.3%. Das ist weniger als 1.3% beim letzten Mal.
A weaker figure than expected points to slowing activity: the US dollar tends to soften and markets price in lower rates.
In den letzten 7 Veröffentlichungen lag der Wert zwischen -1.9% und 6.6%, im Schnitt 2.2%. Der Wert ist drei Veröffentlichungen in Folge gefallen.
| Veröffentlicht | Für | Ist | Konsens | Vorher |
|---|---|---|---|---|
| 3 Sep 2026 | Q2 | 1.2% | 1.3% | 1.3% |
| 4 Jun 2026 | Q1 | 1.8% | 2.5% | 2.1% ® |
| 24 Mar 2026 | Q4 | 4.4% | 3.5% | 1% ® |
| 29 Jan 2026 | Q3 | -1.9% | -1.9% | -2.9% |
| 4 Sep 2025 | Q2 | 1% | 1.2% | 6.9% |
| 5 Jun 2025 | Q1 | 6.6% | 5.7% | 2% |
| 6 Mar 2025 | Q4 | 2.2% | 3% | -1.5% |
Warum es wichtig ist
GDP's headline hides its drivers. Household spending is usually the largest part of demand; investment is the most cyclical and tells you about firms' confidence; productivity and labour costs decide whether growth can continue without inflation.
So wird gerechnet
the Bureau of Labor Statistics (prices and jobs), the Bureau of Economic Analysis (GDP, income and spending) and the Census Bureau (retail sales, housing, trade) estimates each component from surveys, tax and trade data, after inflation where noted ("real").
Was Veränderungen bedeuten
- Strong spending with weak income growth cannot last: watch the savings rate.
- Productivity growth lets wages rise without pushing up prices; unit labour costs show the opposite.
Höher als erwartet: A stronger figure than expected points to a healthier economy: it usually supports the US dollar and local stocks, and can push bond yields up.
Niedriger als erwartet: A weaker figure than expected points to slowing activity: the US dollar tends to soften and markets price in lower rates.
Eine kurze Geschichte
The components follow the expenditure approach to GDP set out by Keynesian economics in the 1930s and standardised in the System of National Accounts.
Fragen
What is the United States Unit Labour Costs QoQ Final?
The United States Unit Labour Costs QoQ Final is one part of the national accounts of the United States: what households spend, what businesses invest, what they earn, or how productive workers are.
What was the latest United States Unit Labour Costs QoQ Final?
1.2% for Q2, published on 3 September 2026 (consensus 1.3%, previous 1.3%).
When is the next United States Unit Labour Costs QoQ Final?
On Tuesday 8 December 2026 at 13:30 UTC.
Nur Bildungsinhalte, keine Anlageberatung. Die Zahlen sind die veröffentlichten Ergebnisse, wie sie unser Kalender erfasst hat; die beschriebenen Marktreaktionen sind typisch, nicht garantiert.