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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