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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Unit Labour Costs QoQ fell to 2.3% in Q1 2026
FMPMonthlyReleased May 2026
US Unit Labour Costs QoQ fell to 2.3% in Q1 2026, released May 2026, down 2.3% from December's 4.6% reading. The reading missed the 2.6% consensus by 0.3%. The print is running well above the 12-month average of 2.18%. Over the past 3 months, Unit Labour Costs QoQ averaged 3.6%, vs -1.9% in the prior 3-month window. The reading is in the 59th percentile of the trailing 24-month range.
Latest Release
2.3
Actual
2.6
Consensus
4.6
Previous
Median Absolute Error
±0.9 percentage points
across last 12 releases
Last Call
Mar 2026
Predicted: 3.6
Actual: 4.4
Error: -0.8
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| AAPL | ▼ Inverse | −0.64 | STOCKS | Bearish AAPL | → View |
| USD/CAD | ▼ Inverse | −0.53 | FOREX | Bearish USD | → View |
| BTC/USD | ▼ Inverse | −0.48 | CRYPTO | Bearish BTC | → View |
| USD/CHF | ▼ Inverse | −0.47 | FOREX | Bearish USD | → View |
| GOOGL | ▼ Inverse | −0.47 | STOCKS | Bearish GOOGL | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
The May 2026 reading fell from the previous value of 4.6. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±0.9. Historically, this indicator is negatively correlated with AAPL (Bearish AAPL) and negatively correlated with USD/CAD (Bearish USD).
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Unit Labour Costs QoQ - US
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