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Table 5. Nondurable 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 -1.3 -0.4 0.9 -0.7 -4.3 0.6 2023 ANNUAL 0.4 -1.3 r -1.7 4.7 r 0.6 4.3 r 2023 IV 4.7 r 0.6 r -4.0 r 1.5 -1.2 -3.1 r III 2.1 r -2.1 r -4.1 r 6.0 r 2.5 r 3.8 r II 0.6 -1.7 -2.3 r 7.3 4.1 6.6 r I 2.4 r 0.9 -1.5 3.0 -0.8 0.5 2022 ANNUAL -1.3 1.7 3.0 5.4 -2.4 r 6.8 2022 IV -2.4 -4.6 -2.3 4.5 0.5 r 7.1 III -2.5 -1.2 1.3 7.8 2.4 r 10.6 II 0.3 0.6 0.3 1.4 -8.0 r 1.1 I -1.7 0.6 2.4 6.2 -2.8 r 8.0 --------------------------------------------------------------------------------------------------- Percent change from corresponding quarter of previous year 2024 I 1.5 -0.9 -2.4 3.5 0.2 1.9 2023 ANNUAL 0.4 -1.3 r -1.7 4.7 r 0.6 4.3 r 2023 IV 2.5 r -0.6 r -3.0 4.4 1.1 1.9 r III 0.7 -1.9 -2.5 r 5.2 1.6 r 4.5 II -0.5 -1.7 -1.2 5.6 1.5 r 6.1 I -0.6 -1.1 -0.5 4.1 r -1.6 4.7 2022 ANNUAL -1.3 1.7 3.0 5.4 -2.4 r 6.8 2022 IV -1.6 -1.2 0.4 4.9 -2.1 6.6 III -2.3 0.9 3.3 5.2 -2.9 7.7 II -2.1 1.9 4.0 5.9 -2.5 8.1 I 0.7 5.2 4.5 5.5 r -2.4 4.8 --------------------------------------------------------------------------------------------------- Indexes 2017=100 2024 I 100.3 99.9 99.6 126.6 99.4 126.2 2023 ANNUAL 99.5 r 100.2 r 100.7 r 125.0 r 100.3 r 125.6 r 2023 IV 100.6 r 100.0 r 99.3 r 126.8 r 100.5 r 126.0 r III 99.5 r 99.8 r 100.3 r 126.3 r 100.8 r 127.0 r II 98.9 r 100.3 101.4 r 124.5 r 100.2 r 125.8 r I 98.8 r 100.8 102.0 r 122.3 r 99.2 r 123.8 2022 ANNUAL 99.1 r 101.5 102.5 r 119.4 r 99.7 r 120.4 r 2022 IV 98.2 r 100.5 102.4 r 121.4 r 99.4 r 123.6 r III 98.8 r 101.7 103.0 r 120.1 r 99.3 r 121.5 r II 99.4 r 102.0 102.6 r 117.8 r 98.7 r 118.5 I 99.4 r 101.9 102.5 r 117.4 r 100.8 r 118.2 r --------------------------------------------------------------------------------------------------- See footnotes following Table 6. May 2, 2024 r=revised Source: Bureau of Labor Statistics