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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) 2023 ANNUAL 0.2 r -1.4 r -1.6 4.6 r 0.4 r 4.3 r 2023 IV 3.8 r 0.0 r -3.6 r 1.2 r -1.5 r -2.5 r III 2.7 r -2.2 r -4.8 r 6.8 r 3.3 r 4.0 r II 0.7 r -1.7 -2.3 r 7.4 r 4.2 r 6.7 r I 1.5 r 0.9 -0.5 r 2.0 r -1.8 r 0.5 r 2022 ANNUAL -1.2 r 1.7 3.0 r 5.5 r -2.4 r 6.8 r 2022 IV -2.4 r -4.6 -2.3 r 4.6 r 0.4 r 7.1 III -2.4 r -1.2 1.2 r 7.9 r 2.2 r 10.6 r II 0.1 r 0.6 0.5 r 1.2 r -7.8 r 1.1 r I -1.6 r 0.6 2.2 r 6.3 r -2.7 r 8.0 r 2021 ANNUAL 0.8 r 4.5 3.6 r 0.7 -4.0 r -0.2 r 2021 IV -4.7 r 3.8 8.9 r 6.1 r -2.4 r 11.4 r III -2.0 r 2.6 4.8 r 10.1 3.3 12.4 r II 11.9 r 14.4 2.3 r 0.0 r -7.4 r -10.7 r I 0.2 r -1.2 -1.4 r -5.6 r -9.5 r -5.7 r --------------------------------------------------------------------------------------------------- Percent change from corresponding quarter of previous year 2023 ANNUAL 0.2 r -1.4 r -1.6 4.6 r 0.4 r 4.3 r 2023 IV 2.2 r -0.7 -2.8 r 4.3 r 1.0 r 2.1 r III 0.6 r -1.9 r -2.5 r 5.2 r 1.5 r 4.5 r II -0.7 r -1.7 -1.0 r 5.4 r 1.2 r 6.1 r I -0.8 r -1.1 -0.3 r 3.9 r -1.8 r 4.7 r 2022 ANNUAL -1.2 r 1.7 3.0 r 5.5 r -2.4 r 6.8 r 2022 IV -1.6 r -1.2 0.4 r 5.0 r -2.1 r 6.6 r III -2.2 r 0.9 3.2 r 5.4 r -2.8 r 7.7 II -2.1 r 1.9 4.0 r 5.9 -2.5 8.1 r I 0.7 r 5.2 4.5 r 5.6 r -2.4 r 4.9 r 2021 ANNUAL 0.8 r 4.5 3.6 r 0.7 -4.0 r -0.2 r 2021 IV 1.1 r 4.7 3.6 r 2.5 r -4.1 r 1.3 III 1.5 r 5.9 4.3 r 1.0 r -4.2 r -0.5 r II 1.4 r 10.3 8.8 r -3.5 r -8.0 r -4.8 r I -0.9 r -2.5 -1.7 r 2.3 r 0.3 r 3.2 r --------------------------------------------------------------------------------------------------- Indexes 2017=100 2023 ANNUAL 99.7 r 100.2 r 100.4 r 125.4 r 100.5 r 125.7 r 2023 IV 100.8 r 99.8 r 99.0 r 127.2 r 100.8 r 126.2 r III 99.8 r 99.8 r 99.9 r 126.8 r 101.2 r 127.0 r II 99.2 r 100.3 101.2 r 124.7 r 100.4 r 125.8 r I 99.0 r 100.8 101.8 r 122.5 r 99.4 r 123.8 r 2022 ANNUAL 99.5 r 101.5 102.0 r 119.9 r 100.1 r 120.5 r 2022 IV 98.6 r 100.5 101.9 r 121.9 r 99.8 r 123.6 r III 99.2 r 101.7 102.5 r 120.6 r 99.7 r 121.5 r II 99.8 r 102.0 102.2 r 118.3 r 99.2 r 118.5 r I 99.8 r 101.9 102.1 r 118.0 r 101.2 r 118.2 r 2021 ANNUAL 100.8 r 99.9 99.1 r 113.6 r 102.6 r 112.8 r 2021 IV 100.2 r 101.7 101.5 r 116.2 r 101.9 r 115.9 r III 101.4 r 100.8 99.4 r 114.4 r 102.5 r 112.9 r II 101.9 r 100.1 98.2 r 111.7 r 101.7 r 109.6 r I 99.1 r 96.8 97.7 r 111.7 r 103.7 r 112.7 r --------------------------------------------------------------------------------------------------- See footnotes following Table 6. March 7, 2024 r=revised Source: Bureau of Labor Statistics