Federal Reserve Economic Data

Nonfarm Business Sector: Unit Labor Costs for All Workers (ULCNFB)

Q4 2024: 2.0
Updated: Mar 6, 2025 7:37 AM CST
Q4 2024:  2.0  
Q3 2024:  1.7  
Q2 2024:  2.3  
Q1 2024:  3.4  
Q4 2023:  2.1  
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Units:

Percent Change from Year Ago,
Seasonally Adjusted

Frequency:

Quarterly
1Y5Y10YMax
to
Date:
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Notes

Source: U.S. Bureau of Labor Statistics  

Release: Productivity and Costs  

Units:  Index 2017=100, Seasonally Adjusted

Frequency:  Quarterly

Notes:

The Productivity and Costs release on August 7, 2003, will reflect the June 2003 benchmark revision to payroll employment. Since employment is now reported on a North American Industry Classification System (NAICS) basis, all of the historical data will be revised. Changes as a consequence of the move to NAICS should not be significant since this release carries data at high levels of aggregation.

Suggested Citation:

U.S. Bureau of Labor Statistics, Nonfarm Business Sector: Unit Labor Costs for All Workers [ULCNFB], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/ULCNFB, March 31, 2025.

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