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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) 2024 I 0.2 0.0 -0.2 3.4 -0.4 3.2 2023 ANNUAL -0.6 r -0.5 r 0.1 5.2 1.0 5.9 2023 IV 2.4 r -1.0 r -3.3 r 6.8 r 4.0 r 4.2 r III -1.2 r -0.6 r 0.6 7.5 3.9 r 8.9 r II 3.5 r 1.1 -2.4 7.6 4.4 3.9 I -1.2 r -0.4 0.8 r 5.0 r 1.2 6.3 2022 ANNUAL -1.2 2.8 4.0 3.6 -4.2 4.8 2022 IV -2.7 -3.6 -0.9 1.2 -2.8 r 4.0 III -3.2 0.4 3.7 7.6 2.2 r 11.1 II 0.9 3.0 2.1 2.3 r -7.1 r 1.4 I -2.3 3.1 5.6 1.9 -6.7 r 4.3 --------------------------------------------------------------------------------------------------- Percent change from corresponding quarter of previous year 2024 I 1.2 -0.1 -1.3 6.3 3.0 5.0 2023 ANNUAL -0.6 r -0.5 r 0.1 5.2 1.0 5.9 2023 IV 0.9 r -0.2 r -1.1 6.7 r 3.4 5.8 r III -0.4 r -0.9 -0.5 5.3 1.7 r 5.7 r II -0.9 -0.7 0.3 r 5.3 1.2 r 6.3 I -1.6 r -0.2 1.4 4.0 -1.7 5.7 2022 ANNUAL -1.2 2.8 4.0 3.6 -4.2 4.8 2022 IV -1.8 0.7 2.6 3.2 -3.7 5.2 III -1.6 2.8 4.5 4.9 -3.2 6.6 II -1.2 3.6 4.8 2.6 -5.6 r 3.8 I -0.2 4.3 4.5 3.4 -4.4 3.6 --------------------------------------------------------------------------------------------------- Indexes 2017=100 2024 I 98.8 99.6 100.8 129.0 101.4 130.6 2023 ANNUAL 98.3 r 99.8 r 101.6 r 124.7 r 100.0 r 126.9 r 2023 IV 98.8 r 99.6 r 100.9 r 127.9 r 101.5 r 129.6 r III 98.2 r 99.9 r 101.7 r 125.9 r 100.5 r 128.2 r II 98.5 r 100.0 101.6 r 123.6 r 99.5 r 125.5 r I 97.6 r 99.7 102.2 r 121.4 r 98.5 r 124.3 r 2022 ANNUAL 98.9 r 100.3 101.4 r 118.5 r 99.0 r 119.9 r 2022 IV 97.9 r 99.8 102.0 r 119.9 r 98.2 r 122.4 r III 98.6 r 100.8 102.2 r 119.5 r 98.9 r 121.2 r II 99.4 r 100.7 101.3 r 117.4 r 98.3 r 118.1 r I 99.2 r 99.9 100.8 r 116.7 r 100.1 r 117.7 r --------------------------------------------------------------------------------------------------- See footnotes following Table 6. May 2, 2024 r=revised Source: Bureau of Labor Statistics