On August 7, 2025, the US Department of Labor released the preliminary figure for nonfarm unit labor costs in the third quarter. The reported value was 1.6%. No consensus forecast was provided; the previous reading was also 1.6%.Definition: An increase in nonfarm unit labor costs may prompt businesses to reduce hiring, potentially leading to higher unemployment and posing risks to economic growth. Market impact: If the actual figure exceeds expectations, it tends to have a negative effect on the US dollar.This indicator is rated as moderately important (level 2), calculated based on unit labor costs in the nonfarm sector, and is published quarterly. The next release is scheduled for December 9, 2025.

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