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Table 6. Nonfinancial corporate sector: Labor productivity, hourly compensation, unit labor costs, unit profits, and prices, seasonally adjusted. Value- Real added Unit Hourly hourly output Unit combined Year Labor compen- compen- Unit price nonlabor input Unit and produc- Hours sation sation labor deflator costs costs profits quarter tivity Output worked (1) (2) costs (4) (6) (7) (8) --------------------------------------------------------------------------------------------------------- Percent change from previous quarter at annual rate (5) 2023 ANNUAL 1.4 2.9 1.5 4.8 0.7 3.4 2.1 0.5 2.4 0.1 2023 IV 7.9 8.1 0.2 3.9 1.2 -3.7 -0.4 -2.9 -3.4 16.4 III 3.1 r 3.9 0.8 4.8 r 1.3 1.6 1.9 -3.8 -0.1 13.0 II 1.8 1.2 -0.5 6.8 3.7 r 4.9 3.1 -2.4 2.6 6.0 I 1.8 r 4.3 2.4 r 6.9 r 3.0 r 5.0 0.0 2.3 4.1 -18.8 2022 ANNUAL -1.0 3.1 4.2 4.1 -3.7 5.2 7.5 11.8 7.2 9.1 2022 IV -0.7 -0.1 0.6 1.0 r -2.9 r 1.7 1.1 2.2 1.8 -2.3 III 1.3 5.0 3.7 6.6 1.2 r 5.2 3.1 1.1 3.9 -0.6 II -2.2 0.6 2.9 2.0 -7.4 r 4.3 11.2 9.1 5.8 42.8 I -2.2 r 0.8 3.0 2.6 r -6.1 4.9 10.4 22.8 10.2 11.7 2021 ANNUAL 3.7 9.0 5.1 4.7 -0.1 1.0 4.8 3.8 1.8 23.3 2021 IV -2.4 5.2 7.8 4.3 -4.1 6.9 7.7 18.6 10.3 -4.7 III 2.4 7.0 4.5 8.5 1.8 r 5.9 3.6 15.2 8.6 -17.9 II -0.1 6.4 6.5 6.2 -1.8 r 6.3 8.5 -12.0 0.4 59.6 I 4.4 7.7 3.2 0.5 r -3.6 r -3.8 5.7 5.6 -1.0 53.3 --------------------------------------------------------------------------------------------------------- Percent change from corresponding quarter of previous year 2023 ANNUAL 1.4 2.9 1.5 4.8 0.7 3.4 2.1 0.5 2.4 0.1 2023 IV 3.6 4.3 0.7 5.6 2.3 1.9 1.2 -1.8 0.8 3.2 III 1.5 r 2.3 0.8 r 4.8 1.2 r 3.3 1.5 -0.5 2.1 -1.3 II 1.1 r 2.6 1.5 r 5.3 1.2 r 4.2 1.8 0.7 3.1 -4.4 I 0.0 2.4 2.4 4.1 -1.6 r 4.1 3.8 3.6 3.9 3.0 2022 ANNUAL -1.0 3.1 4.2 4.1 -3.7 5.2 7.5 11.8 7.2 9.1 2022 IV -1.0 1.6 2.5 3.0 -3.9 4.0 6.4 8.5 5.4 11.5 III -1.4 2.9 4.3 3.9 -4.1 5.3 8.1 12.6 7.5 10.8 II -1.1 3.4 4.5 4.3 -4.0 5.5 8.2 16.3 8.7 5.7 I -0.6 4.8 5.4 5.4 -2.6 6.0 7.5 10.2 7.3 8.7 2021 ANNUAL 3.7 9.0 5.1 4.7 -0.1 1.0 4.8 3.8 1.8 23.3 2021 IV 1.1 r 6.6 5.5 4.8 -1.9 r 3.7 6.4 6.1 4.4 17.6 III 4.6 10.9 6.0 5.7 0.3 1.1 4.0 14.3 4.7 0.5 II 3.7 17.1 12.9 r 1.7 -3.1 -1.9 5.6 3.1 -0.5 48.8 I 5.8 r 2.4 -3.2 6.5 4.4 0.7 3.3 -5.6 -1.3 37.5 --------------------------------------------------------------------------------------------------------- Indexes 2017=100 2023 ANNUAL 111.3 117.9 105.9 132.9 106.6 119.4 121.3 110.5 116.5 153.3 2023 IV 113.5 120.3 106.0 135.3 107.3 119.2 121.7 109.2 115.9 160.6 III 111.4 r 118.0 105.9 r 134.0 r 107.0 r 120.3 121.8 110.0 116.9 154.6 II 110.5 r 116.9 105.7 r 132.4 r 106.6 r 119.8 121.2 111.1 117.0 150.0 I 110.0 r 116.5 105.9 r 130.2 r 105.7 r 118.4 120.3 111.8 116.2 147.8 2022 ANNUAL 109.7 r 114.6 104.4 r 126.7 r 105.8 r 115.5 118.8 110.0 113.7 153.2 2022 IV 109.5 r 115.3 105.2 r 128.1 r 104.9 r 116.9 120.3 111.2 115.0 155.7 III 109.7 r 115.3 105.1 r 127.8 r 105.7 r 116.4 120.0 110.6 114.5 156.6 II 109.4 r 113.9 104.1 r 125.7 r 105.3 r 115.0 119.0 110.3 113.4 156.9 I 110.0 r 113.7 103.4 r 125.1 r 107.4 r 113.8 115.9 107.9 111.8 143.5 2021 ANNUAL 110.8 r 111.1 100.2 r 121.7 r 109.9 r 109.8 110.5 98.4 106.1 140.4 2021 IV 110.6 r 113.5 102.6 r 124.3 r 109.1 r 112.4 113.1 102.5 109.2 139.6 III 111.3 r 112.1 100.7 r 123.0 r 110.2 r 110.5 111.0 98.2 106.5 141.3 II 110.6 r 110.2 99.6 r 120.5 r 109.7 r 109.0 110.0 94.8 104.3 148.4 I 110.6 r 108.5 98.1 r 118.7 r 110.2 r 107.3 107.8 97.9 104.2 132.0 --------------------------------------------------------------------------------------------------------- See footnotes following Table 6. May 2, 2024 r=revised Source: Bureau of Labor Statistics