An official website of the United States government
Table 2. Nonfarm business sector: Labor productivity, hourly compensation, unit labor costs, and prices, seasonally adjusted. Value- Real added Hourly hourly Unit output Year Labor compen- compen- Unit nonlabor price and produc- Hours sation sation labor payments deflator quarter tivity Output worked (1) (2) costs (3) (4) --------------------------------------------------------------------------------------------------- Percent change from previous quarter at annual rate (5) 2023 ANNUAL 1.3 r 2.6 1.3 4.3 r 0.1 3.0 r 4.0 3.4 2023 IV 3.2 3.5 r 0.3 r 3.6 r 0.8 r 0.4 r 2.3 r 1.2 r III 4.7 r 5.8 1.0 r 4.8 r 1.3 r 0.1 r 6.8 r 3.0 II 3.1 r 2.0 -1.1 r 5.7 r 2.6 r 2.5 r 0.0 r 1.4 I -0.6 r 1.8 2.4 r 6.5 2.5 r 7.1 r 0.0 r 3.9 2022 ANNUAL -1.9 2.1 4.1 r 3.6 r -4.1 5.7 r 10.0 r 7.5 2022 IV 2.1 r 2.8 0.7 r 0.1 r -4.0 r -2.0 11.0 3.5 III 0.0 r 2.8 2.9 r 7.0 r 1.4 7.1 r 0.1 r 3.9 II -4.0 r -1.1 3.0 r 0.5 r -8.5 r 4.7 r 16.9 r 9.9 I -5.5 r -2.8 2.8 r 2.3 r -6.4 r 8.3 r 9.9 r 9.0 2021 ANNUAL 1.4 r 7.2 5.8 r 4.6 r -0.3 r 3.1 7.1 r 4.8 2021 IV 2.5 r 8.9 6.2 r 5.9 r -2.6 3.4 r 15.5 r 8.4 III -2.4 3.4 6.0 r 5.5 r -1.1 r 8.1 r 4.3 r 6.4 II -0.3 r 7.3 7.6 r 6.2 r -1.6 r 6.5 r 6.1 r 6.3 I 2.3 r 6.5 4.1 r 0.4 r -3.8 r -1.9 r 19.1 r 6.5 --------------------------------------------------------------------------------------------------- Percent change from corresponding quarter of previous year 2023 ANNUAL 1.3 r 2.6 1.3 4.3 r 0.1 3.0 r 4.0 3.4 2023 IV 2.6 r 3.2 r 0.6 5.1 r 1.8 2.5 r 2.2 2.4 r III 2.3 3.1 0.7 r 4.2 r 0.6 r 1.9 r 4.3 r 2.9 II 1.2 2.4 1.2 4.8 0.6 r 3.6 2.7 3.2 I -0.7 r 1.6 2.2 3.5 r -2.2 r 4.1 r 6.8 r 5.3 2022 ANNUAL -1.9 2.1 4.1 r 3.6 r -4.1 5.7 r 10.0 r 7.5 2022 IV -1.9 r 0.4 2.4 r 2.4 r -4.4 r 4.4 9.3 r 6.5 III -1.8 r 1.8 3.7 r 3.9 -4.1 5.8 r 10.4 r 7.8 II -2.4 2.0 4.5 3.5 -4.7 6.1 11.5 8.4 I -1.5 r 4.1 5.7 r 5.0 r -3.0 6.5 r 8.8 r 7.5 2021 ANNUAL 1.4 r 7.2 5.8 r 4.6 r -0.3 r 3.1 7.1 r 4.8 2021 IV 0.5 r 6.5 6.0 r 4.5 -2.3 r 3.9 r 11.0 r 6.9 III -1.1 r 5.7 6.8 r 5.4 r 0.0 r 6.5 3.8 r 5.4 II 0.2 r 15.1 14.9 r 1.6 r -3.2 r 1.3 r 9.9 r 4.8 I 5.9 r 2.4 -3.3 r 6.6 4.5 0.7 r 4.2 r 2.2 --------------------------------------------------------------------------------------------------- Indexes 2017=100 2023 ANNUAL 110.5 r 116.2 r 105.1 r 132.3 r 106.1 r 119.7 r 123.1 r 121.2 r 2023 IV 112.1 r 117.9 r 105.2 r 134.5 r 106.6 r 120.0 r 124.6 r 122.0 r III 111.2 r 116.9 105.1 r 133.3 r 106.4 r 119.9 r 123.9 r 121.6 II 109.9 r 115.3 104.9 r 131.8 r 106.1 r 119.9 r 121.9 r 120.8 I 109.1 r 114.7 105.1 r 130.0 r 105.4 r 119.1 r 121.9 r 120.3 2022 ANNUAL 109.1 r 113.3 103.8 r 126.9 r 105.9 r 116.2 r 118.4 r 117.2 2022 IV 109.3 r 114.2 104.5 r 127.9 r 104.7 r 117.1 r 121.9 r 119.2 III 108.7 r 113.4 104.3 r 127.9 r 105.8 r 117.7 r 118.8 r 118.2 II 108.7 r 112.6 103.6 r 125.8 r 105.4 r 115.7 r 118.7 r 117.0 I 109.8 r 112.9 102.8 r 125.6 r 107.8 r 114.4 r 114.2 r 114.3 2021 ANNUAL 111.3 r 111.0 99.7 r 122.4 r 110.5 r 110.0 r 107.7 r 109.0 2021 IV 111.4 r 113.7 102.1 r 124.9 r 109.6 r 112.1 r 111.5 r 111.9 III 110.7 r 111.4 100.6 r 123.1 r 110.3 r 111.2 r 107.6 r 109.6 II 111.4 r 110.4 99.1 r 121.5 r 110.6 r 109.1 r 106.5 r 107.9 I 111.5 r 108.5 97.3 r 119.7 r 111.1 r 107.4 r 104.9 r 106.3 --------------------------------------------------------------------------------------------------- See footnotes following Table 6. March 7, 2024 r=revised Source: Bureau of Labor Statistics