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.
- 重要性
- Medium
- 发布时间
- Quarterly
- 下次发布
- 货币
- USD · US dollar
- 中央银行
- The Federal Reserve
最新数据
最新一期（Q2）于 2026-09-03 公布，数值为 1.2%。 低于 1.3% 的市场预期。 低于上次的 1.3%。
A weaker figure than expected points to slowing activity: the US dollar tends to soften and markets price in lower rates.
最近 7 次公布中介于 -1.9% 至 6.6%，平均 2.2%。 已连续三次公布下降。
| 发布时间 | 期限 | 实际值 | 预期值 | 前值 |
|---|---|---|---|---|
| 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% |
为何重要
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.
计算方法
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").
变化意味着什么
- 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.
高于预期：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.
低于预期：A weaker figure than expected points to slowing activity: the US dollar tends to soften and markets price in lower rates.
简史
The components follow the expenditure approach to GDP set out by Keynesian economics in the 1930s and standardised in the System of National Accounts.
问题
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.
仅供学习参考，不构成投资建议。数据为我们日历记录的已发布结果；所述市场反应为典型情况，并无保证。