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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 III 3.2 r 3.9 r 0.7 r 4.9 r 1.4 r 1.6 r 1.9 -3.8 r -0.1 r 13.0 r II 1.7 r 1.2 -0.4 r 6.7 r 3.5 r 4.9 3.1 -2.4 2.6 6.0 I 1.5 r 4.3 2.7 r 6.6 r 2.6 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 -0.6 r -0.1 0.5 r 1.1 r -3.0 r 1.7 1.1 2.2 1.8 -2.3 III 1.2 r 5.0 3.8 r 6.5 r 0.9 r 5.2 3.1 1.1 3.9 -0.6 II -2.6 r 0.6 3.3 r 1.6 r -7.4 r 4.3 11.2 9.1 5.8 42.8 I -1.9 r 0.8 2.7 r 2.9 r -5.9 r 4.9 10.4 22.8 10.2 11.7 2021 ANNUAL 3.3 r 9.0 5.5 r 4.4 r -0.4 r 1.0 4.8 3.8 1.8 23.3 2021 IV -2.5 5.2 8.0 4.1 r -4.2 6.9 7.7 18.6 10.3 -4.7 III 2.5 r 7.0 4.4 r 8.5 r 1.8 r 5.9 3.6 15.2 8.6 -17.9 II -0.3 r 6.4 6.7 r 6.0 r -1.8 r 6.3 8.5 -12.0 0.4 59.6 I 4.3 r 7.7 3.3 r 0.4 r -3.8 r -3.8 5.7 5.6 -1.0 53.3 --------------------------------------------------------------------------------------------------------- Percent change from corresponding quarter of previous year 2023 III 1.4 r 2.3 r 0.9 4.8 r 1.1 r 3.3 r 1.5 -0.5 r 2.1 -1.3 r II 0.9 r 2.6 1.6 5.2 1.0 r 4.2 1.8 0.7 3.1 -4.4 I -0.1 r 2.4 2.6 r 3.9 r -1.8 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 r 1.6 2.6 r 3.0 r -3.9 r 4.0 6.4 8.5 5.4 11.5 III -1.5 2.9 4.4 3.8 -4.2 5.3 8.1 12.6 7.5 10.8 II -1.2 3.4 4.6 4.3 -4.0 5.5 8.2 16.3 8.7 5.7 I -0.6 4.8 5.4 r 5.4 r -2.6 6.0 7.5 10.2 7.3 8.7 2021 ANNUAL 3.3 r 9.0 5.5 r 4.4 r -0.4 r 1.0 4.8 3.8 1.8 23.3 2021 IV 1.0 6.6 5.6 r 4.7 r -2.0 3.7 6.4 6.1 4.4 17.6 III 4.3 r 10.9 6.3 r 5.5 r 0.1 r 1.1 4.0 14.3 4.7 0.5 II 2.6 r 17.1 14.1 r 0.7 r -4.0 r -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 III 111.8 r 118.0 r 105.5 r 134.4 r 107.3 r 120.3 r 121.8 r 110.0 r 116.9 r 154.6 r II 110.9 r 116.9 105.4 r 132.8 r 106.9 r 119.8 121.2 111.1 117.0 150.0 I 110.4 r 116.5 105.5 r 130.7 r 106.0 r 118.4 120.3 111.8 116.2 147.8 2022 ANNUAL 110.2 r 114.6 104.0 r 127.3 r 106.3 r 115.5 118.8 110.0 113.7 153.2 2022 IV 110.0 r 115.3 104.8 r 128.6 r 105.3 r 116.9 120.3 111.2 115.0 155.7 III 110.2 r 115.3 104.7 r 128.3 r 106.1 r 116.4 120.0 110.6 114.5 156.6 II 109.9 r 113.9 103.7 r 126.3 r 105.9 r 115.0 119.0 110.3 113.4 156.9 I 110.6 r 113.7 102.9 r 125.8 r 107.9 r 113.8 115.9 107.9 111.8 143.5 2021 ANNUAL 111.4 r 111.1 99.7 r 122.3 r 110.4 r 109.8 110.5 98.4 106.1 140.4 2021 IV 111.1 r 113.5 102.2 r 124.9 r 109.6 r 112.4 113.1 102.5 109.2 139.6 III 111.8 r 112.1 100.2 r 123.6 r 110.8 r 110.5 111.0 98.2 106.5 141.3 II 111.1 r 110.2 99.2 r 121.1 r 110.3 r 109.0 110.0 94.8 104.3 148.4 I 111.2 r 108.5 97.6 r 119.4 r 110.8 r 107.3 107.8 97.9 104.2 132.0 --------------------------------------------------------------------------------------------------------- See footnotes following Table 6. March 7, 2024 r=revised Source: Bureau of Labor Statistics