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Economic News Release
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Table 3. Manufacturing sector: Labor productivity, hourly compensation, and unit labor costs, seasonally adjusted



Table 3. 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)

2023 ANNUAL       -0.8           -0.6 r          0.2 r          5.1 r          0.9 r          5.9 r

2023 IV            1.3 r         -2.0 r         -3.3 r          6.7 r          3.9 r          5.3 r
     III          -1.2 r         -0.7 r          0.5            7.7 r          4.1 r          9.0 r
     II            3.6 r          1.1           -2.4 r          7.6 r          4.5 r          3.9 r
     I            -1.6 r         -0.4            1.2 r          4.6 r          0.7 r          6.3 r

2022 ANNUAL       -1.2 r          2.8            4.0 r          3.6 r         -4.2 r          4.8  

2022 IV           -2.8 r         -3.6           -0.9 r          1.1 r         -3.0 r          4.0 r
     III          -3.1 r          0.4            3.6 r          7.7            2.0           11.1 r
     II            0.8 r          3.0            2.2 r          2.2 r         -6.9 r          1.4 r
     I            -2.4 r          3.1            5.7 r          1.8 r         -6.9 r          4.3 r

2021 ANNUAL        1.5 r          4.9            3.3 r          2.2 r         -2.5 r          0.6  

2021 IV           -1.5 r          4.8            6.5 r          8.1 r         -0.6 r          9.8 r
     III          -1.5 r          3.3            4.8 r         -1.4 r         -7.6 r          0.0 r
     II            4.9 r          6.1            1.2 r          5.3 r         -2.5 r          0.4 r
     I            -1.1            0.2            1.3           -1.1 r         -5.2 r          0.0 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2023 ANNUAL       -0.8           -0.6 r          0.2 r          5.1 r          0.9 r          5.9 r

2023 IV            0.5 r         -0.5           -1.0 r          6.6 r          3.3 r          6.1 r
     III          -0.5 r         -0.9 r         -0.4 r          5.2 r          1.5 r          5.8 r
     II           -1.0 r         -0.7            0.3 r          5.2 r          1.0 r          6.3  
     I            -1.7 r         -0.2            1.5 r          3.9 r         -1.8 r          5.7 r

2022 ANNUAL       -1.2 r          2.8            4.0 r          3.6 r         -4.2 r          4.8  

2022 IV           -1.9            0.7            2.6 r          3.2 r         -3.7 r          5.2 r
     III          -1.6 r          2.8            4.5 r          4.9 r         -3.2            6.6  
     II           -1.2 r          3.6            4.8 r          2.6 r         -5.5 r          3.8 r
     I            -0.2 r          4.3            4.5 r          3.4 r         -4.4 r          3.6 r

2021 ANNUAL        1.5 r          4.9            3.3 r          2.2 r         -2.5 r          0.6  

2021 IV            0.1 r          3.6            3.4 r          2.6 r         -4.0            2.5 r
     III           0.2 r          4.2            4.0 r          2.4 r         -2.9 r          2.2  
     II            4.3 r         15.0           10.3 r         -1.1 r         -5.7 r         -5.1 r
     I             1.7 r         -1.9           -3.6 r          4.5 r          2.4 r          2.8 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2017=100

2023 ANNUAL       98.4 r         99.7 r        101.3 r        125.0 r        100.2 r        127.0 r

2023 IV           98.7 r         99.3 r        100.6 r        128.3 r        101.7 r        129.9 r
     III          98.4 r         99.8 r        101.4 r        126.2 r        100.7 r        128.3 r
     II           98.7 r        100.0          101.3 r        123.9 r         99.7 r        125.5 r
     I            97.8 r         99.7          101.9 r        121.6 r         98.6 r        124.3 r

2022 ANNUAL       99.2 r        100.3          101.1 r        119.0 r         99.3 r        119.9 r

2022 IV           98.2 r         99.8          101.6 r        120.3 r         98.5 r        122.5 r
     III          98.9 r        100.8          101.9 r        120.0 r         99.2 r        121.3 r
     II           99.7 r        100.7          101.0 r        117.8 r         98.7 r        118.1 r
     I            99.5 r         99.9          100.4 r        117.1 r        100.5 r        117.7 r

2021 ANNUAL      100.4 r         97.5           97.2 r        114.9 r        103.7 r        114.4 r

2021 IV          100.1 r         99.2           99.0 r        116.6 r        102.3 r        116.4 r
     III         100.5 r         98.0           97.5 r        114.3 r        102.5 r        113.7 r
     II          100.9 r         97.2           96.4 r        114.7 r        104.5 r        113.7 r
     I            99.7 r         95.8           96.1 r        113.3 r        105.1 r        113.6 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                      March 7, 2024
r=revised                                                        Source: Bureau of Labor Statistics
Last Modified Date: March 07, 2024