An official website of the United States government
Table 4. Durable manufacturing sector: Labor productivity, hourly compensation, and unit labor costs, seasonally adjusted. Real Year Labor Hourly hourly Unit and produc- Hours compensa- compensa- labor quarter tivity Output worked tion (1) tion (2) costs --------------------------------------------------------------------------------------------------- Percent change from previous quarter at annual rate (5) 2024 I 1.2 0.4 -0.8 5.5 1.7 4.3 2023 ANNUAL -1.0 0.3 r 1.3 r 5.3 1.1 6.3 r 2023 IV 0.5 r -2.5 r -3.0 r 9.5 r 6.6 r 9.0 r III -2.6 r 0.8 3.5 r 7.9 4.3 10.8 r II 6.5 r 3.9 -2.5 7.8 4.6 1.2 I -3.8 -1.8 2.1 5.9 2.1 r 10.1 2022 ANNUAL -1.0 3.6 4.7 2.5 -5.2 r 3.6 2022 IV -2.5 -2.7 -0.1 -0.6 r -4.5 r 1.9 III -3.0 2.0 5.1 7.3 1.9 r 10.6 II 2.1 5.4 3.2 2.7 -6.7 r 0.6 I -1.8 5.6 7.6 r -0.5 -9.0 1.3 --------------------------------------------------------------------------------------------------- Percent change from corresponding quarter of previous year 2024 I 1.4 0.6 -0.7 7.7 4.3 6.2 2023 ANNUAL -1.0 0.3 r 1.3 r 5.3 1.1 6.3 r 2023 IV 0.1 r 0.1 r 0.0 r 7.8 4.4 7.7 r III -0.7 0.0 0.7 5.2 1.6 r 5.9 II -0.8 0.3 1.1 5.0 1.0 r 5.9 I -1.8 0.7 2.5 r 3.8 -1.9 5.7 2022 ANNUAL -1.0 3.6 4.7 2.5 -5.2 r 3.6 2022 IV -1.3 2.5 3.9 2.2 -4.7 3.5 III -0.7 4.5 5.3 r 4.6 -3.5 r 5.3 II -0.5 4.7 5.2 0.9 -7.2 r 1.4 I -1.9 r 2.6 4.5 2.2 r -5.5 4.2 --------------------------------------------------------------------------------------------------- Indexes 2017=100 2024 I 96.7 98.2 101.5 130.1 102.3 134.6 2023 ANNUAL 96.2 r 98.2 r 102.1 r 124.4 r 99.8 r 129.3 r 2023 IV 96.4 r 98.1 r 101.8 r 128.4 r 101.8 r 133.2 r III 96.3 r 98.7 r 102.5 r 125.5 r 100.2 r 130.4 r II 96.9 r 98.5 101.6 r 123.2 r 99.2 r 127.1 r I 95.4 r 97.6 102.3 r 120.9 r 98.1 126.7 r 2022 ANNUAL 97.2 r 97.9 100.8 r 118.2 r 98.7 r 121.7 r 2022 IV 96.3 r 98.0 r 101.7 r 119.1 r 97.6 r 123.7 III 96.9 r 98.7 101.8 r 119.3 r 98.7 r 123.1 r II 97.7 r 98.2 100.5 r 117.2 r 98.2 r 120.0 r I 97.2 r 96.9 99.7 r 116.4 r 99.9 r 119.9 r --------------------------------------------------------------------------------------------------- See footnotes following Table 6. May 2, 2024 r=revised Source: Bureau of Labor Statistics