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Economic News Release
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Table 6. Nonfinancial corporate sector: Labor productivity, hourly compensation, unit labor costs, unit profits, and prices, seasonally adjusted



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
Last Modified Date: March 07, 2024