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Unit labor costs, nonfarm business, percent change from same quarter a year ago, and from previous quarter

Charts related to the latest "Productivity and Costs" news release   |   More chart packages



NOTICE
  • Correction: Hours worked and labor productivity for March 7th, 2024 Productivity and Costs release. Read More »

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Unit labor costs, nonfarm business, percent change from same quarter a year ago, and from previous quarter (annual rate), 4th quarter 2023
Quarter Percent change from previous quarter (annual rate) Percent change from same quarter a year ago

Q4 2013

 -0.6% -2.2%

Q1 2014

 11.5% 2.6%

Q2 2014

 -4.7% 0.4%

Q3 2014

 -1.3% 1.1%

Q4 2014

 5.9% 2.7%

Q1 2015

 2.4% 0.5%

Q2 2015

 1.6% 2.1%

Q3 2015

 1.4% 2.8%

Q4 2015

 1.7% 1.7%

Q1 2016

 -1.6% 0.8%

Q2 2016

 1.2% 0.7%

Q3 2016

 0.4% 0.4%

Q4 2016

 1.6% 0.4%

Q1 2017

 3.4% 1.6%

Q2 2017

 2.3% 1.9%

Q3 2017

 1.9% 2.3%

Q4 2017

 2.4% 2.5%

Q1 2018

 1.1% 1.9%

Q2 2018

 2.0% 1.9%

Q3 2018

 2.8% 2.1%

Q4 2018

 2.1% 2.0%

Q1 2019

 6.6% 3.4%

Q2 2019

 -2.3% 2.2%

Q3 2019

 -4.0% 0.5%

Q4 2019

 3.4% 0.8%

Q1 2020

 11.8% 2.0%

Q2 2020

 3.9% 3.6%

Q3 2020

 -11.5% 1.5%

Q4 2020

 14.1% 4.1%

Q1 2021

 -1.9% 0.7%

Q2 2021

 6.5% 1.3%

Q3 2021

 8.1% 6.5%

Q4 2021

 3.4% 3.9%

Q1 2022

 8.3% 6.5%

Q2 2022

 4.7% 6.1%

Q3 2022

 7.1% 5.8%

Q4 2022

 -2.0% 4.4%

Q1 2023

 7.1% 4.1%

Q2 2023

 2.5% 3.6%

Q3 2023

 0.1% 1.9%

Q4 2023

 0.4% 2.5%