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Economic News Release
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Table 5. Nondurable manufacturing sector: Labor productivity, hourly compensation, and unit labor costs, seasonally adjusted



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)

2024 II            2.3 r          3.2 r          0.9 r          5.9 r          2.9 r          3.5 r
     I            -2.7 r         -1.8 r          1.0           -0.3           -4.0            2.5 r

2023 ANNUAL        0.8           -0.9           -1.7            4.9            0.8            4.1  

2023 IV            4.5            0.3           -4.0            4.5            1.8            0.0  
     III           3.6           -0.7           -4.1            6.0            2.5            2.4  
     II            1.0           -1.2           -2.3            7.3            4.1            6.2  
     I             2.9            1.3           -1.5            3.0           -0.8            0.1  

2022 ANNUAL       -1.3            1.6            3.0            5.4           -2.4            6.9  

2022 IV           -1.7           -4.0           -2.3            4.5            0.5            6.4  
     III          -2.7           -1.4            1.3            7.8            2.4           10.8  
     II           -0.3            0.0            0.3            1.4           -8.0            1.7  
     I            -1.5            0.8            2.4            6.2           -2.8            7.8  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2024 II            1.9 r          0.2 r         -1.6 r          4.0 r          0.8 r          2.1  
     I             1.6 r         -0.8 r         -2.4            4.3            1.1            2.7 r

2023 ANNUAL        0.8           -0.9           -1.7            4.9            0.8            4.1  

2023 IV            3.0           -0.1           -3.0            5.2            1.9            2.2  
     III           1.4           -1.2           -2.5            5.2            1.6            3.7  
     II           -0.2           -1.3           -1.2            5.6            1.5            5.8  
     I            -0.5           -1.0           -0.5            4.1           -1.6            4.7  

2022 ANNUAL       -1.3            1.6            3.0            5.4           -2.4            6.9  

2022 IV           -1.6           -1.1            0.4            4.9           -2.1            6.6  
     III          -2.3            0.9            3.3            5.2           -2.9            7.7  
     II           -2.2            1.7            4.0            5.9           -2.5            8.3  
     I             0.6            5.2            4.5            5.5           -2.4            4.9  
---------------------------------------------------------------------------------------------------
                                         Indexes 2017=100

2024 II          101.0 r        100.8 r         99.8 r        129.4 r        101.0 r        128.1 r
     I           100.5 r        100.0 r         99.6          127.6          100.3          127.0 r

2023 ANNUAL       99.9          100.6          100.7          125.2          100.4          125.4  

2023 IV          101.2          100.5           99.3          127.7          101.3          126.3  
     III         100.0          100.4          100.3          126.3          100.8          126.2  
     II           99.2          100.6          101.4          124.5          100.2          125.5  
     I            98.9          100.9          102.0          122.3           99.2          123.6  

2022 ANNUAL       99.1          101.5          102.5          119.4           99.7          120.5  

2022 IV           98.2          100.5          102.4          121.4           99.4          123.6  
     III          98.7          101.6          103.0          120.1           99.3          121.7  
     II           99.3          101.9          102.6          117.8           98.7          118.6  
     I            99.4          101.9          102.5          117.4          100.8          118.1  
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                  September 5, 2024
r=revised                                                        Source: Bureau of Labor Statistics
Last Modified Date: September 05, 2024