Transmission of material in this release is embargoed until USDL 22-2096
8:30 a.m. (ET) Thursday, November 3, 2022
Technical information: (202) 691-5606 • Productivity@bls.gov • www.bls.gov/productivity
Media contact: (202) 691-5902 • PressOffice@bls.gov
PRODUCTIVITY AND COSTS
Third Quarter 2022, Preliminary
Nonfarm business sector labor productivity increased 0.3 percent in the third quarter of 2022, the
U.S. Bureau of Labor Statistics reported today, as output increased 2.8 percent and hours worked
increased 2.4 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.)
From the same quarter a year ago, nonfarm business sector labor productivity decreased 1.4 percent,
reflecting a 1.9-percent increase in output and a 3.4-percent increase in hours worked. The 1.4-percent
four-quarter decline is the first instance of three consecutive declines in this measure since 1982. (See
table A1.)
Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of
hours worked by all persons, including employees, proprietors, and unpaid family workers.
Unit labor costs in the nonfarm business sector increased 3.5 percent in the third quarter of 2022,
reflecting a 3.8-percent increase in hourly compensation and a 0.3-percent increase in productivity. Unit
labor costs increased 6.1 percent over the last four quarters. (See tables A1 and 2.)
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New Methodology and Historical Revisions
Data in this release reflect a new methodology for estimating hours worked. Data in this release also
reflect the 2022 Annual Update of the National Income and Product Accounts (NIPA) released by the
Bureau of Economic Analysis of the U.S. Department of Commerce on September 29, 2022. See
“Revised measures” section.
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BLS calculates unit labor costs as the ratio of hourly compensation to labor productivity. Increases in
hourly compensation tend to increase unit labor costs and increases in productivity tend to reduce them.
Real hourly compensation, which takes into account consumer prices, declined 1.7 percent in the third
quarter and declined 3.4 percent over the last four quarters--the largest four-quarter decline in the series,
which begins in the first quarter of 1948.
Manufacturing sector labor productivity decreased 1.3 percent in the third quarter of 2022, as output
increased 1.9 percent and hours worked increased 3.3 percent. In the durable manufacturing sector,
productivity decreased 4.3 percent, with a 2.0-percent increase in output and a 6.6-percent increase in
hours worked. Nondurable manufacturing sector productivity increased 4.0 percent, as output increased
1.8 percent and hours worked decreased 2.1 percent. Total manufacturing sector productivity decreased
0.6 percent from the same quarter a year ago. (See tables A1, 3, 4, and 5.)
Unit labor costs in the total manufacturing sector increased 3.8 percent in the third quarter of 2022,
reflecting a 2.4-percent increase in hourly compensation and a 1.3-percent decrease in productivity.
Manufacturing unit labor costs increased 4.3 percent from the same quarter a year ago. (See tables A1
and 3.)
The concepts, sources, and methods used for the manufacturing output series differ from those used in
the business and nonfarm business output series; these output measures are not directly comparable. See
the Technical Notes for a more detailed explanation.
Revised measures
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Improvements to the Measurement of Hours Worked
Measures of hours worked for all sectors reflect a change in methods, and are revised historically. The
new methodology uses all-employee hours data from the BLS Current Employment Statistics (CES)
survey as the main source of data. This is an improvement upon the prior methodology, which instead
used the CES production and nonsupervisory employee hours data. Another improvement in
methodology is the use of BLS Current Population Survey (CPS) data to adjust CES all-employee hours
paid to account for hours worked but not paid, also known as off-the-clock hours. The data also now
incorporate all-employee based hours-worked-to-hours-paid ratios from the National Compensation
Survey, rather than production and nonsupervisory worker ratios.
The all-employee source data are available from March 2006 forward; therefore, these changes directly
affect quarterly hours worked for productivity measures beginning in the second quarter of 2006, and
annual hours worked beginning in 2007. Previously-published hours worked data have been linked to
the new series, extending revisions to levels all the way back to 1947. As a result, all measures
incorporating hours worked--including labor productivity--were revised back to 1947 for the business,
nonfarm business, and nonfinancial corporate sectors and to 1987 for manufacturing and its subsectors.
Revisions to quarterly percent changes prior to second quarter 2006 are small. For more information on
the new hours worked methodology, see www.bls.gov/opub/mlr/2022/article/improving-estimates-of-
hours-worked-for-us-productivity-measurement.htm.
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Measures of output for the business, nonfarm business, and nonfinancial corporate sectors, and measures
of compensation for all sectors, incorporate revised National Income and Product Accounts (NIPA) data
released on September 29, 2022, by the Bureau of Economic Analysis (BEA), U.S. Department of
Commerce. As a result, all measures incorporating output, including labor productivity and unit labor
costs, were revised back to 2017 for the business, nonfarm business, and nonfinancial corporate sectors.
Quarterly and annual measures incorporating compensation were subject to revision back to first quarter
2017 for the business, nonfarm business, manufacturing and nonfinancial corporate sectors. Profits and
related measures for the nonfinancial corporate sector were also revised beginning in 2017. Source data
on output and compensation released by BEA on October 27, 2022, are reflected in data for the third
quarter of 2022. Regular updates of source data on manufacturing output from the Board of Governors
of the Federal Reserve System are reflected in data for the first and second quarters of 2022.
Hours worked and related measures for the business and nonfarm business sectors were also subject to
revision back to 2017 due to revised NIPA data on government enterprises employment and on the
proportion of industry compensation paid to employees of nonprofit institutions. Hours worked and
related measures for the nonfinancial corporate sector were subject to revision back to 2017 due to the
incorporation of revised NIPA data on the proportion of industry compensation paid to employees of
corporations. Improved processing of CPS data had a small effect on hours worked by self-employed
and unpaid family workers (for whom the CPS is the data source) and therefore on total hours worked,
back to 2000.
Annualized quarterly growth rates of labor productivity, output, and hours worked in the nonfarm
business sector were revised. In second-quarter 2020, a 1.9-percentage point upward revision to output
coincided with a 2.2-percentage point downward revision to hours worked. The revised figures now
stand at decreases of 35.0 percent and 44.9 percent in output and hours worked, respectively. As a result,
labor productivity in the second quarter of 2020 was revised up from an increase of 10.3 percent to an
increase of 17.9 percent. This is the second-largest increase in the series; there was an 18.0 percent
increase in the fourth quarter of 1947.
In the third quarter of 2020, a 2.6-percentage point upward revision to quarter-to-quarter output growth
was partially offset by a 1.0-percentage point upward revision to hours worked, and labor productivity
was revised up 1.0 percentage point. Other notable revisions include a 2.0-percentage point upward
revision to hours worked in the fourth quarter of 2021 which was mirrored by a 1.7-percentage point
downward revision the following quarter; productivity was revised downward to an increase of 4.4
percent in fourth-quarter 2021 and upward to a decrease of 5.9 percent in first-quarter 2022.
Table B1 presents revised and previous labor productivity and related measures for the nonfarm
business, business, and manufacturing sectors for the second quarter of 2022. Table A2 presents these
measures for the nonfinancial corporate sector.
Nonfarm business sector productivity was not revised in the second quarter of 2022; a 0.2-
percentage point upward revision to output was offset by a 0.2-percentage point upward revision to
hours worked. (See table B1.) Second-quarter unit labor costs were revised down 1.3 percentage points
to an increase of 8.9 percent, reflecting a 1.2-percentage point downward revision to hourly
compensation. While hourly compensation increased 4.5 percent in the second quarter of 2022, real
hourly compensation decreased 5.5 percent.
Manufacturing sector productivity was revised down 1.8 percentage points to an increase of 2.9
percent in the second quarter of 2022, reflecting a 0.4-percentage point downward revision to output
and a 1.4-percentage point upward revision to hours worked. Productivity was revised down in both the
durable and nondurable manufacturing subsectors. In the second quarter of 2022, total manufacturing
unit labor costs decreased 0.7 percent rather than 0.2 percent as previously reported, reflecting a 2.3-
percentage point downward revision to hourly compensation, which was partially offset by the 1.8-
percentage point downward revision to productivity. (See table B1.)
Nonfinancial corporate sector productivity declined 2.7 percent in the second quarter of 2022, rather
than the previously published estimate of a 0.7-percent decline, as a result of a 1.7-percentage point
downward revision to output and a 0.3-percentage point upward revision to hours worked. Productivity
in nonfinancial corporations decreased 1.7 percent from the second quarter of 2021 to the second quarter
of 2022. Unit labor costs in the nonfinancial corporate sector were revised up 0.9 percentage points to an
increase of 7.5 percent in the second quarter of 2022, as a 2.0-percentage point downward revision to
productivity outpaced a 1.2-percentage point downward revision to hourly compensation. (See table
A2.) Unit labor costs increased 8.2 percent from the same quarter last year. (See table 6.)
Annual averages
Table C1 presents annual data for the nonfarm business, total manufacturing, and nonfinancial corporate
sectors from 2019 to 2021. Annual average percent changes compare average annual indexes from one
year to the next.
Annual average productivity in the nonfarm business sector was revised up to a 2.4-percent increase in
2021, as output increased 7.8 percent and hours worked increased 5.3 percent. Unit labor costs were
revised down 1.3 percentage points to an increase of 2.4 percent in 2021, reflecting the aforementioned
upward revision to productivity and a 0.7-percentage point downward revision to hourly compensation.
Revisions to productivity in the second quarter of 2020 contributed to an upward revision to the annual
measure from 2.4 percent to 4.4 percent, the largest annual increase since 1992, when the measure
increased 4.5 percent. Output was revised upward from a decline of 4.4 percent to a decline of 3.5
percent in 2020, while hours worked were revised downward from a 6.7 percent decline to a 7.6 percent
decline. Hourly compensation in 2020 was revised up to an increase of 8.1 percent and is now the largest
annual gain since 1981, when the measure increased 9.6 percent. Productivity increased 2.0 percent in
2019, little changed from the previous estimate of 2.1 percent.
Indexes of productivity for the nonfarm business sector were historically revised. The indexes diverge in
the second quarter of 2020, reflecting the sharp upward revision to growth in that quarter. The average
annual rate of productivity growth from fourth-quarter 2019 to second-quarter 2022 is 1.6 percent,
which is larger than the previously published estimate of 0.6 percent. Through the third quarter of 2022,
the average annual rate is 1.4 percent, which is the same as the rate of productivity growth over the
previous business cycle, from 2007 to 2019.
Annual average manufacturing sector productivity was not revised in 2021, remaining at 2.6 percent.
In 2020, productivity was revised upward to an increase of 0.8 percent due to a corresponding
downward revision to hours worked. The average annual rate of manufacturing productivity growth
from 2007 to 2019 was unchanged at 0.2 percent. The 6.1-percent increase in manufacturing unit labor
costs in 2020, revised down from the previously-reported value of 6.8 percent, remains the largest
increase in the annual series, which begins in 1988. (See table C1.)
Annual average productivity in the nonfinancial corporate sector was revised down 1.4 percentage
points to a 3.2-percent increase in 2021 due to a corresponding downward revision in output.
Productivity was revised up in 2020 due primarily to a 1.1-percentage point downward revision to hours
worked. (See tables C1 and 6.) The average annual rate of productivity growth in the nonfinancial
corporate sector from 2007 to 2019, 1.1 percent, was not revised.
Complete quarterly and annual data series can be found on the Productivity and Costs home page:
www.bls.gov/lpc/#data
______________
The revised Productivity and Costs news release for third-quarter 2022 is scheduled to be released
on Wednesday, December 7, 2022, at 8:30 a.m. (ET).
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Table A1. Labor productivity growth and related measures - preliminary third-quarter 2022
(percent change from previous quarter at annual rate and from same quarter a year ago)
Labor Hours Hourly Real hourly Unit labor
Sector Percent change from: productivity Output worked compensation compensation costs
-------------------------------------------------------------------------------------------------------------------------
Nonfarm business Previous quarter 0.3 2.8 2.4 3.8 -1.7 3.5
A year ago -1.4 1.9 3.4 4.7 -3.4 6.1
Business Previous quarter 0.1 2.6 2.5 3.7 -1.9 3.6
A year ago -1.4 1.9 3.3 4.7 -3.3 6.2
Manufacturing Previous quarter -1.3 1.9 3.3 2.4 -3.1 3.8
A Year ago -0.6 3.8 4.4 3.6 -4.3 4.3
Durable Previous quarter -4.3 2.0 6.6 1.7 -3.8 6.3
manufacturing A year ago -0.4 4.8 5.2 3.5 -4.5 3.9
Nondurable Previous quarter 4.0 1.8 -2.1 3.1 -2.4 -0.8
manufacturing A year ago -0.4 2.7 3.1 3.8 -4.2 4.2
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Table A2. Labor productivity growth and related measures - revised and previously published second-quarter 2022
(percent change from previous quarter at annual rate)
Labor Hours Hourly Real hourly Unit labor
Sector productivity Output worked compensation compensation costs
-------------------------------------------------------------------------------------------------------------------------
Nonfinancial Revised -2.7 -0.1 2.7 4.6 -5.3 7.5
corporate Previously published -0.7 1.6 2.4 5.8 -4.2 6.6
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Table B1. Labor productivity growth and related measures - revised and previously published second-quarter 2022
(percent change from previous quarter at annual rate)
Labor Hours Hourly Real hourly Unit labor
Sector productivity Output worked compensation compensation costs
-------------------------------------------------------------------------------------------------------------------------
Nonfarm business Revised -4.1 -1.2 2.9 4.5 -5.5 8.9
Previously published -4.1 -1.4 2.7 5.7 -4.4 10.2
Business Revised -3.8 -1.4 2.5 4.9 -5.1 9.1
Previously published -3.6 -1.4 2.3 6.1 -4.0 10.1
Manufacturing Revised 2.9 3.6 0.7 2.2 -7.6 -0.7
Previously published 4.7 4.0 -0.7 4.5 -5.5 -0.2
Durable Revised 3.9 5.1 1.2 2.7 -7.1 -1.2
manufacturing Previously published 4.9 5.3 0.4 4.9 -5.1 0.0
Nondurable Revised 2.1 2.0 -0.2 1.1 -8.5 -1.0
manufacturing Previously published 5.2 2.7 -2.4 3.5 -6.4 -1.6
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Table B2. Labor productivity growth and related measures - revised and previously published first-quarter 2022
(percent change from previous quarter at annual rate)
Labor Hours Hourly Real hourly Unit labor
Sector productivity Output worked compensation compensation costs
-------------------------------------------------------------------------------------------------------------------------
Nonfarm business Revised -5.9 -2.5 3.6 2.1 -6.4 8.5
Previously published -7.4 -2.5 5.3 4.4 -4.4 12.7
Business Revised -6.0 -2.4 3.8 2.0 -6.6 8.6
Previously published -7.7 -2.5 5.6 4.2 -4.6 12.8
Manufacturing Revised -3.3 3.7 7.3 1.4 -7.1 4.9
Previously published -1.2 3.8 5.0 5.8 -3.1 7.1
Durable
manufacturing Revised -2.8 5.5 8.6 -0.4 -8.8 2.5
Previously published -0.6 5.6 6.2 5.9 -3.0 6.5
Nondurable
manufacturing Revised -3.2 1.8 5.1 4.6 -4.2 8.1
Previously published -1.2 1.8 3.0 5.5 -3.4 6.8
Nonfinancial Revised -4.8 -1.2 3.8 3.8 -4.9 9.1
corporate Previously published -4.6 1.1 5.9 4.3 -4.4 9.3
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Table C1. Labor productivity growth and related measures - revised and previous annual average changes: 2019-2021
Labor Hours Hourly Real hourly Unit labor
Sector Year productivity Output worked compensation compensation costs
-------------------------------------------------------------------------------------------------------------------------
Nonfarm 2021 Revised 2.4 7.8 5.3 4.9 0.2 2.4
business Previously published 1.9 7.4 5.4 5.6 0.9 3.7
2020 Revised 4.4 -3.5 -7.6 8.1 6.8 3.6
Previously published 2.4 -4.4 -6.7 7.0 5.7 4.5
2019 Revised 2.0 2.7 0.7 3.8 2.0 1.8
Previously published 2.1 2.7 0.7 3.9 2.0 1.8
Manufacturing 2021 Revised 2.6 5.8 3.1 2.7 -1.8 0.1
Previously published 2.6 5.8 3.2 4.5 -0.1 1.9
2020 Revised 0.8 -6.7 -7.4 7.0 5.7 6.1
Previously published 0.2 -6.7 -6.8 7.0 5.7 6.8
2019 Revised -2.3 -2.2 0.2 2.4 0.5 4.8
Previously published -1.9 -2.2 -0.2 2.8 1.0 4.8
Nonfinancial 2021 Revised 3.2 8.3 4.9 4.7 0.1 1.5
corporate Previously published 4.6 9.7 4.9 5.3 0.6 0.7
2020 Revised 3.5 -4.0 -7.3 8.1 6.7 4.4
Previously published 2.2 -4.2 -6.2 6.9 5.5 4.6
2019 Revised 1.6 2.5 0.9 3.9 2.1 2.3
Previously published 1.4 2.3 0.9 3.9 2.1 2.5
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TECHNICAL NOTES
Labor Hours
Hours worked data for the labor productivity and cost measures include hours worked for all
persons working in the sector—wage and salary workers, the self-employed and unpaid family
workers. The primary source of hours and employment data is the BLS Current Employment
Statistics (CES) program, which provides monthly survey data on the number of jobs held by and
hours paid to wage and salary workers in nonfarm establishments, counting a person who is
employed by two or more establishments at each place of employment. Hours of paid time off
are removed from hours paid using data from the National Compensation Survey (NCS) for 1996
forward and data from the BLS Hours at Work survey, conducted for this purpose, prior to 1990.
Between 1990 and 1995, hours of paid time off are removed using a combination of NCS and
Hours at Work survey data. Off-the-clock hours are added, yielding hours worked, using data
from the Current Population Survey (CPS).
Data from the CPS are used to estimate hours worked for farm labor, nonfarm proprietors, and
nonfarm unpaid family workers. Using CPS information on employment and hours worked at
primary jobs and all other jobs, separately, the BLS productivity measures assign all hours
worked to the appropriate industrial sector. Hours for government enterprises are derived from
the CPS, the CES, and the National Income and Product Accounts (NIPA) prepared by the
Bureau of Economic Analysis (BEA) of the Department of Commerce.
Detailed hours data are presented in the table “Hours Worked in Total U.S. Economy and
Subsectors” on the BLS website (www.bls.gov/productivity/tables/total-economy-hours-
employment.xlsx).
Output
Business sector output is a chain-type, current-weighted index constructed after excluding from
gross domestic product (GDP) the following outputs: general government, nonprofit institutions,
and households (including owner-occupied housing). Corresponding exclusions also are made in
labor hours worked. Business output accounted for about 77 percent of the value of GDP in
2021. Nonfarm business, which excludes farming, accounted for about 76 percent of GDP in
2021.
Annual indexes for manufacturing and its durable and nondurable goods components are
constructed by deflating current-dollar industry value of production data from the U.S. Bureau of
the Census with deflators from the BLS. These deflators are based on data from the BLS
Producer Price Index program and other sources. The industry shipments are aggregated using
annual weights, and intrasectoral transactions are removed. Quarterly manufacturing output
measures are based on the indexes of industrial production prepared monthly by the Board of
Governors of the Federal Reserve System, adjusted to be consistent with annual indexes of
manufacturing sector output prepared by BLS.
Nonfinancial corporate output is a chain-type, current-weighted index calculated on the basis of
the costs incurred and the incomes earned from production. The output measure excludes the
following outputs from GDP: general government; nonprofit institutions; households;
unincorporated business; and those corporations classified as offices of bank holding companies,
offices of other holding companies, or offices in the finance and insurance sector. Nonfinancial
corporations accounted for about 51 percent of the value of GDP in 2021.
Labor Productivity
The measure describes the relationship between real output and the labor time involved in its
production. Measures of labor productivity growth show the changes from period to period in the
amount of goods and services produced per hour worked. They reflect the joint effects of many
influences, including changes in technology; capital investment; level of output; utilization of
capacity, energy, and materials; the organization of production; managerial skill; and the
characteristics and effort of the work force.
Labor Compensation
The measure includes accrued wages and salaries, supplements, employer contributions to
employee benefit plans, and taxes. Estimates of labor compensation by major sector, required for
measures of hourly compensation and unit labor costs, are based primarily on employee
compensation data from the NIPA, prepared by the BEA. The compensation of employees in
general government, nonprofit institutions and households are subtracted from compensation of
employees in domestic industries to derive employee compensation for the business sector. The
labor compensation of proprietors cannot be explicitly identified and must be estimated. This is
done by assuming that proprietors have the same hourly compensation as employees in the same
sector. The quarterly labor productivity and cost measures do not contain estimates of
compensation for unpaid family workers.
Unit Labor Costs
These measures describe the relationship between compensation per hour and labor productivity,
or real output per hour, and can be used as an indicator of inflationary pressure on producers.
Increases in hourly compensation increase unit labor costs; labor productivity increases offset
compensation increases and lower unit labor costs.
Presentation of the data
The quarterly data in this release are presented in three ways: as percent changes from the
previous quarter presented at a compound annual rate, as percent changes from the
corresponding quarter of the previous year, and as index number series where 2012=100. Annual
data are presented both as index number series and percent changes from the previous year.
The index numbers and rates of change reported in the productivity and costs news release are
rounded to one decimal place. All percent changes in this release and on the BLS web site are
calculated using index numbers to three decimal places. A complete historical series of these
index numbers are available at the BLS web site, www.bls.gov/data/home.htm, or by contacting
the BLS Division of Major Sector Productivity (Telephone 202-691-5606 or email
productivity@bls.gov).
For a more detailed explanation of methodology see the Handbook of Methods at
www.bls.gov/opub/hom/msp/home.htm.
If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access
telecommunications relay services.
Table 1. Business sector: Labor productivity, hourly compensation, unit labor costs, and prices,
seasonally adjusted.
Real
Hourly hourly Unit Implicit
Year Labor compen- compen- Unit nonlabor price
and produc- Hours sation sation labor payments deflator
quarter tivity Output worked (1) (2) costs (3) (4)
---------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate (5)
2022 III 0.1 2.6 2.5 3.7 -1.9 3.6 3.4 3.5
II -3.8 r -1.4 2.5 r 4.9 r -5.1 r 9.1 r 12.2 r 10.4 r
I -6.0 r -2.4 r 3.8 r 2.0 r -6.6 r 8.6 r 8.5 r 8.5 r
2021 ANNUAL 2.4 r 7.7 r 5.1 r 5.0 r 0.3 r 2.6 r 8.3 r 4.9 r
2021 IV 4.5 r 9.0 r 4.4 r 8.4 r 0.4 r 3.8 r 12.2 r 7.3 r
III -2.1 r 2.6 r 4.8 r 7.1 r 0.4 r 9.4 r 2.7 r 6.5 r
II 2.9 r 8.7 r 5.7 r 7.6 r -0.5 r 4.6 r 11.0 r 7.3
I 2.9 r 8.1 r 5.0 r -1.1 r -5.0 r -4.0 r 22.5 r 6.3 r
2020 ANNUAL 4.3 r -3.4 r -7.4 r 8.0 r 6.7 r 3.5 r -3.8 r 0.4
2020 IV -4.5 r 5.3 r 10.2 r 8.8 r 6.4 r 13.8 -11.6 r 2.4 r
III 8.3 r 47.1 r 35.9 r -4.6 r -9.0 r -11.9 r 33.3 r 4.6 r
II 16.6 r -35.1 r -44.3 r 24.9 r 29.2 r 7.2 r -19.2 r -4.5 r
I -0.9 r -6.3 r -5.5 r 9.7 r 8.3 r 10.7 r -12.2 r 0.3 r
---------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2022 III -1.4 1.9 3.3 4.7 -3.3 6.2 9.0 7.4
II -2.0 r 1.8 r 3.9 r 5.6 r -2.8 r 7.7 r 8.8 r 8.2
I -0.3 r 4.4 r 4.7 r 6.2 r -1.6 r 6.6 r 8.5 r 7.4 r
2021 ANNUAL 2.4 r 7.7 r 5.1 r 5.0 r 0.3 r 2.6 r 8.3 r 4.9 r
2021 IV 2.0 7.1 r 5.0 r 5.4 r -1.2 r 3.3 r 11.9 r 6.8 r
III -0.3 r 6.1 r 6.4 r 5.5 r 0.2 r 5.8 r 5.4 r 5.6 r
II 2.3 16.1 r 13.5 r 2.5 r -2.2 r 0.2 r 12.5 r 5.1 r
I 5.5 r 2.1 r -3.3 r 6.4 r 4.4 r 0.8 r 3.9 r 2.1 r
2020 ANNUAL 4.3 r -3.4 r -7.4 r 8.0 r 6.7 r 3.5 r -3.8 r 0.4
2020 IV 4.6 r -1.5 r -5.8 r 9.2 r 7.9 r 4.5 r -4.4 r 0.6 r
III 6.4 r -2.3 r -8.2 r 8.7 r 7.3 r 2.1 r -2.1 r 0.3 r
II 4.8 r -10.4 r -14.5 r 10.1 r 9.6 r 5.0 r -8.0 r -0.7 r
I 1.4 r 0.5 r -0.9 r 4.1 r 2.0 r 2.6 -0.9 r 1.1 r
---------------------------------------------------------------------------------------------------
Indexes 2012=100
2022 III 113.2 128.7 113.7 144.3 111.8 127.5 123.3 125.6
II 113.2 r 127.9 r 113.0 r 143.0 r 112.4 r 126.4 r 122.2 r 124.5 r
I 114.3 r 128.3 r 112.3 r 141.3 r 113.8 r 123.6 r 118.8 r 121.5 r
2021 ANNUAL 115.3 r 126.0 r 109.3 r 136.8 r 115.7 r 118.7 r 112.8 r 116.1 r
2021 IV 116.1 r 129.1 r 111.2 r 140.6 r 115.8 r 121.1 r 116.4 r 119.0 r
III 114.8 r 126.4 r 110.0 r 137.8 r 115.7 r 120.0 r 113.1 r 117.0 r
II 115.5 r 125.5 r 108.7 r 135.5 r 115.6 r 117.3 r 112.3 r 115.1 r
I 114.7 r 123.0 r 107.2 r 133.0 r 115.7 r 116.0 r 109.4 r 113.1 r
2020 ANNUAL 112.6 r 117.0 r 103.9 r 130.3 r 115.4 r 115.7 r 104.2 r 110.6 r
2020 IV 113.8 r 120.6 r 105.9 r 133.4 r 117.2 r 117.2 r 104.0 r 111.4 r
III 115.1 r 119.0 r 103.4 r 130.6 r 115.4 r 113.5 r 107.3 r 110.8 r
II 112.9 r 108.1 r 95.8 r 132.2 r 118.1 r 117.1 r 99.8 r 109.5 r
I 108.6 r 120.4 r 110.8 r 125.0 r 110.8 r 115.1 r 105.3 r 110.8 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. November 3, 2022
r=revised Source: Bureau of Labor Statistics
Table 2. Nonfarm business sector: Labor productivity, hourly compensation, unit labor costs, and
prices, seasonally adjusted.
Real
Hourly hourly Unit Implicit
Year Labor compen- compen- Unit nonlabor price
and produc- Hours sation sation labor payments deflator
quarter tivity Output worked (1) (2) costs (3) (4)
---------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate (5)
2022 III 0.3 2.8 2.4 3.8 -1.7 3.5 3.3 3.4
II -4.1 -1.2 r 2.9 r 4.5 r -5.5 r 8.9 r 10.8 r 9.7 r
I -5.9 r -2.5 3.6 r 2.1 r -6.4 r 8.5 r 6.4 r 7.6 r
2021 ANNUAL 2.4 r 7.8 r 5.3 r 4.9 r 0.2 r 2.4 r 7.7 r 4.6 r
2021 IV 4.4 r 9.1 r 4.5 r 8.2 r 0.3 r 3.6 r 12.9 r 7.5 r
III -2.4 r 2.7 r 5.3 r 6.7 r 0.0 r 9.3 r 2.3 r 6.3 r
II 2.7 r 8.9 r 6.0 r 7.4 r -0.7 r 4.5 r 8.6 r 6.2 r
I 3.0 r 8.5 r 5.3 r -1.3 r -5.2 r -4.2 r 22.8 r 6.2 r
2020 ANNUAL 4.4 r -3.5 r -7.6 r 8.1 r 6.8 r 3.6 r -3.8 r 0.4
2020 IV -3.9 r 5.3 r 9.5 r 9.5 r 7.1 r 13.9 r -12.7 r 1.9 r
III 7.2 r 47.2 r 37.2 r -5.5 r -9.8 r -11.9 r 32.4 r 4.2 r
II 17.9 r -35.0 r -44.9 r 25.8 r 30.1 r 6.6 r -17.4 r -3.9
I -1.4 r -6.7 r -5.4 r 9.8 r 8.4 r 11.3 r -12.8 r 0.4 r
---------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2022 III -1.4 1.9 3.4 4.7 -3.4 6.1 8.3 7.0
II -2.1 r 1.9 r 4.1 r 5.4 r -3.0 r 7.6 r 8.0 r 7.8
I -0.4 r 4.5 r 4.8 6.1 r -1.8 r 6.5 r 7.5 r 6.9 r
2021 ANNUAL 2.4 r 7.8 r 5.3 r 4.9 r 0.2 r 2.4 r 7.7 r 4.6 r
2021 IV 1.9 7.3 r 5.3 r 5.2 r -1.4 r 3.2 r 11.4 r 6.5 r
III -0.2 r 6.3 r 6.5 r 5.5 r 0.2 r 5.7 r 4.5 r 5.1 r
II 2.2 16.3 r 13.8 r 2.3 r -2.4 r 0.1 r 11.4 r 4.6 r
I 5.8 r 2.2 r -3.4 r 6.4 r 4.5 r 0.6 r 4.0 r 2.0 r
2020 ANNUAL 4.4 r -3.5 r -7.6 r 8.1 r 6.8 r 3.6 r -3.8 r 0.4
2020 IV 4.7 r -1.5 r -5.9 r 9.3 r 8.0 r 4.5 r -4.5 r 0.6 r
III 6.4 r -2.4 r -8.2 r 8.6 r 7.3 r 2.1 r -2.0 r 0.3 r
II 5.1 r -10.4 r -14.8 r 10.3 r 9.8 r 4.9 r -7.8 r -0.6 r
I 1.4 r 0.5 r -1.0 r 4.2 r 2.0 r 2.7 -1.1 r 1.1 r
---------------------------------------------------------------------------------------------------
Indexes 2012=100
2022 III 113.1 128.8 113.9 144.4 111.9 127.6 122.6 125.4
II 113.0 r 128.0 r 113.2 r 143.0 r 112.4 r 126.5 r 121.6 r 124.4 r
I 114.2 r 128.4 r 112.4 r 141.5 r 113.9 r 123.8 r 118.5 r 121.5 r
2021 ANNUAL 115.2 r 126.0 r 109.3 r 137.0 r 115.9 r 118.9 r 113.3 r 116.4 r
2021 IV 116.0 r 129.2 r 111.4 r 140.7 r 115.9 r 121.3 r 116.7 r 119.3 r
III 114.7 r 126.4 r 110.2 r 138.0 r 115.8 r 120.3 r 113.2 r 117.2 r
II 115.4 r 125.5 r 108.8 r 135.8 r 115.8 r 117.6 r 112.6 r 115.4 r
I 114.7 r 122.9 r 107.2 r 133.4 r 116.0 r 116.3 r 110.3 r 113.7 r
2020 ANNUAL 112.5 r 116.9 r 103.9 r 130.6 r 115.6 r 116.1 r 105.2 r 111.3 r
2020 IV 113.8 r 120.4 r 105.8 r 133.8 r 117.5 r 117.6 r 104.8 r 112.0 r
III 114.9 r 118.9 r 103.4 r 130.8 r 115.5 r 113.8 r 108.4 r 111.5 r
II 112.9 r 107.9 r 95.6 r 132.7 r 118.6 r 117.5 r 101.1 r 110.3 r
I 108.4 r 120.2 r 110.9 r 125.3 r 111.0 r 115.6 r 106.0 r 111.4 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. November 3, 2022
r=revised Source: Bureau of Labor Statistics
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)
2022 III -1.3 1.9 3.3 2.4 -3.1 3.8
II 2.9 r 3.6 r 0.7 r 2.2 r -7.6 r -0.7 r
I -3.3 r 3.7 r 7.3 r 1.4 r -7.1 r 4.9 r
2021 ANNUAL 2.6 5.8 3.1 r 2.7 r -1.8 r 0.1 r
2021 IV -0.7 r 5.9 6.7 r 8.7 r 0.7 r 9.5 r
III -0.5 r 3.8 4.3 r -0.5 r -6.7 r 0.0 r
II 5.1 r 5.7 0.6 r 6.6 r -1.4 r 1.4 r
I 0.7 r 2.6 1.9 r -1.7 r -5.5 r -2.3 r
2020 ANNUAL 0.8 r -6.7 -7.4 r 7.0 5.7 6.1 r
2020 IV -0.5 r 8.3 8.9 r 7.4 r 5.0 r 7.9 r
III 17.7 r 53.0 30.0 r -12.4 r -16.4 r -25.6 r
II -5.3 r -43.2 -39.9 r 30.2 r 34.6 r 37.5 r
I 0.4 r -5.4 -5.8 r 5.7 r 4.3 r 5.2 r
---------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2022 III -0.6 3.8 4.4 3.6 -4.3 4.3
II -0.4 r 4.2 r 4.7 r 2.9 r -5.2 r 3.4 r
I 0.1 r 4.8 4.7 r 4.0 r -3.7 r 3.9 r
2021 ANNUAL 2.6 5.8 3.1 r 2.7 r -1.8 r 0.1 r
2021 IV 1.1 r 4.5 3.3 3.2 r -3.3 r 2.1 r
III 1.2 r 5.1 3.9 r 2.9 r -2.2 r 1.7 r
II 5.5 r 15.8 9.7 r -0.3 r -4.9 r -5.5 r
I 2.8 r -0.8 -3.5 r 4.8 r 2.8 r 1.9 r
2020 ANNUAL 0.8 r -6.7 -7.4 r 7.0 5.7 6.1 r
2020 IV 2.7 r -2.8 -5.4 r 6.7 r 5.4 r 3.8 r
III 2.9 r -5.4 -8.1 r 7.2 r 5.9 r 4.2 r
II -1.7 r -15.2 -13.7 r 10.5 r 10.0 r 12.5 r
I -1.3 -3.2 -1.8 r 3.4 r 1.3 r 4.8 r
---------------------------------------------------------------------------------------------------
Indexes 2012=100
2022 III 98.2 104.2 106.1 131.1 101.6 133.5
II 98.5 r 103.7 r 105.2 r 130.3 r 102.4 r 132.3 r
I 97.8 r 102.8 r 105.1 129.6 r 104.4 r 132.5 r
2021 ANNUAL 98.6 r 100.0 101.4 r 126.9 r 107.3 r 128.6 r
2021 IV 98.6 r 101.8 103.3 r 129.2 r 106.3 r 131.0 r
III 98.8 r 100.4 101.6 r 126.5 r 106.2 r 128.0 r
II 98.9 r 99.5 100.5 r 126.6 r 108.0 r 128.0 r
I 97.7 r 98.1 100.4 r 124.6 r 108.4 r 127.5 r
2020 ANNUAL 96.1 r 94.5 98.3 r 123.5 r 109.3 128.5 r
2020 IV 97.5 r 97.5 99.9 r 125.1 r 109.9 r 128.3 r
III 97.7 r 95.5 97.8 r 122.9 r 108.6 r 125.9 r
II 93.8 r 85.9 91.6 r 127.1 r 113.6 r 135.5 r
I 95.1 r 98.9 104.1 r 119.0 r 105.4 r 125.2 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. November 3, 2022
r=revised Source: Bureau of Labor Statistics
Table 4. Durable 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)
2022 III -4.3 2.0 6.6 1.7 -3.8 6.3
II 3.9 r 5.1 r 1.2 r 2.7 r -7.1 r -1.2 r
I -2.8 r 5.5 r 8.6 r -0.4 r -8.8 r 2.5 r
2021 ANNUAL 4.9 r 8.1 3.0 r 3.5 r -1.2 r -1.4 r
2021 IV 1.7 r 6.5 4.7 r 10.3 2.2 8.4 r
III 1.7 r 6.7 4.9 r -6.1 r -12.0 r -7.7 r
II 1.7 r 1.0 -0.7 r 9.9 r 1.6 r 8.0 r
I 1.5 r 6.4 4.8 r -0.3 r -4.2 r -1.7 r
2020 ANNUAL 0.9 r -8.0 -8.9 r 7.1 r 5.8 r 6.1 r
2020 IV 2.2 r 9.1 6.7 r 11.2 r 8.8 r 8.8 r
III 42.4 r 93.7 36.1 r -15.9 r -19.7 r -40.9 r
II -14.1 r -53.1 -45.4 r 34.7 r 39.3 r 56.8 r
I -1.8 r -8.5 -6.8 r 4.6 r 3.3 r 6.6 r
---------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2022 III -0.4 4.8 5.2 3.5 -4.5 3.9
II 1.1 r 6.0 4.8 r 1.4 r -6.6 r 0.3 r
I 0.6 r 4.9 4.3 r 3.2 r -4.4 r 2.6 r
2021 ANNUAL 4.9 r 8.1 3.0 r 3.5 r -1.2 r -1.4 r
2021 IV 1.7 r 5.1 3.4 r 3.2 r -3.3 r 1.5 r
III 1.8 r 5.7 3.9 r 3.4 r -1.7 r 1.6 r
II 10.7 r 22.7 10.9 r 0.6 r -4.0 r -9.1 r
I 6.1 r 1.3 -4.5 r 5.9 r 3.9 r -0.2 r
2020 ANNUAL 0.9 r -8.0 -8.9 r 7.1 r 5.8 r 6.1 r
2020 IV 5.3 r -2.4 -7.3 r 7.1 5.9 r 1.8 r
III 4.7 r -5.3 -9.5 r 7.3 r 5.9 r 2.5 r
II -4.8 r -20.1 -16.1 r 11.3 r 10.8 r 16.9 r
I -2.1 r -4.3 -2.3 r 2.8 r 0.7 r 5.0 r
---------------------------------------------------------------------------------------------------
Indexes 2012=100
2022 III 102.1 107.7 105.5 131.7 102.1 129.0
II 103.2 r 107.2 r 103.8 r 131.2 r 103.0 r 127.0 r
I 102.3 r 105.8 r 103.5 r 130.3 r 105.0 r 127.4 r
2021 ANNUAL 102.4 r 102.3 99.9 r 128.5 r 108.7 r 125.4 r
2021 IV 103.0 r 104.4 101.4 r 130.5 r 107.4 r 126.6 r
III 102.6 r 102.8 100.2 r 127.3 r 106.8 r 124.1 r
II 102.1 r 101.1 99.0 r 129.3 r 110.3 r 126.6 r
I 101.7 r 100.9 99.2 r 126.3 r 109.8 r 124.2 r
2020 ANNUAL 97.6 r 94.6 96.9 r 124.2 r 109.9 r 127.2 r
2020 IV 101.3 r 99.3 98.0 r 126.4 r 111.0 r 124.7 r
III 100.8 r 97.2 96.5 r 123.1 r 108.7 r 122.1 r
II 92.2 r 82.4 89.3 r 128.5 r 114.9 r 139.3 r
I 95.8 r 99.6 103.9 r 119.3 r 105.7 r 124.5 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. November 3, 2022
r=revised Source: Bureau of Labor Statistics
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)
2022 III 4.0 1.8 -2.1 3.1 -2.4 -0.8
II 2.1 r 2.0 r -0.2 r 1.1 r -8.5 r -1.0 r
I -3.2 r 1.8 5.1 r 4.6 r -4.2 r 8.1 r
2021 ANNUAL 0.3 r 3.5 3.2 r 1.4 r -3.1 r 1.2 r
2021 IV -4.3 r 5.1 9.8 r 6.3 r -1.5 r 11.1 r
III -2.4 r 0.8 3.3 r 11.1 r 4.1 r 13.9 r
II 8.2 r 11.2 2.7 r 1.0 r -6.5 r -6.7 r
I 1.3 r -1.3 -2.5 r -5.1 r -8.8 r -6.3 r
2020 ANNUAL -0.1 r -4.9 -4.8 r 7.2 r 5.9 r 7.3 r
2020 IV -4.3 r 7.7 12.5 r 1.0 r -1.2 r 5.5 r
III -0.6 r 19.8 20.6 r -6.4 r -10.7 r -5.8 r
II -1.2 r -30.7 -29.8 r 24.8 r 29.1 r 26.4 r
I 2.5 r -1.8 -4.1 r 8.0 r 6.6 r 5.4 r
---------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2022 III -0.4 2.7 3.1 3.8 -4.2 4.2
II -2.0 r 2.4 r 4.5 r 5.7 r -2.6 r 7.9 r
I -0.5 r 4.6 r 5.2 r 5.7 r -2.1 r 6.3 r
2021 ANNUAL 0.3 r 3.5 3.2 r 1.4 r -3.1 r 1.2 r
2021 IV 0.6 r 3.9 3.2 r 3.2 r -3.3 r 2.6 r
III 0.6 r 4.5 3.9 r 1.9 r -3.2 r 1.3 r
II 1.1 r 9.1 7.9 r -2.4 r -6.9 r -3.4 r
I -1.2 r -3.0 -1.8 r 2.9 r 1.0 r 4.2 r
2020 ANNUAL -0.1 r -4.9 -4.8 r 7.2 r 5.9 r 7.3 r
2020 IV -0.9 r -3.2 -2.3 r 6.3 r 5.0 r 7.3 r
III 0.3 r -5.4 -5.7 r 7.5 r 6.2 r 7.2 r
II 0.2 r -9.5 -9.7 r 9.8 r 9.3 r 9.6 r
I -0.5 r -1.5 -1.1 r 4.7 r 2.5 r 5.2 r
---------------------------------------------------------------------------------------------------
Indexes 2012=100
2022 III 97.8 104.9 107.2 130.1 100.8 133.0
II 96.9 r 104.4 r 107.7 r 129.1 r 101.4 r 133.3 r
I 96.4 r 103.9 r 107.8 r 128.8 r 103.7 r 133.6 r
2021 ANNUAL 97.9 r 101.7 103.9 r 124.3 r 105.1 r 127.0 r
2021 IV 97.2 r 103.4 106.4 r 127.3 r 104.8 r 131.0 r
III 98.2 r 102.1 104.0 r 125.4 r 105.2 r 127.6 r
II 98.8 r 101.9 103.1 r 122.1 r 104.1 r 123.6 r
I 96.9 r 99.3 102.4 r 121.8 r 105.9 r 125.7 r
2020 ANNUAL 97.6 r 98.3 100.7 r 122.5 r 108.5 r 125.5 r
2020 IV 96.6 r 99.6 103.1 r 123.4 r 108.4 r 127.7 r
III 97.6 r 97.7 100.1 r 123.1 r 108.7 r 126.0 r
II 97.8 r 93.4 95.5 r 125.1 r 111.8 r 127.9 r
I 98.1 r 102.4 104.4 r 118.4 r 104.9 r 120.7 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. November 3, 2022
r=revised Source: Bureau of Labor Statistics
Table 6. Nonfinancial corporate sector: Labor productivity, hourly compensation, unit labor costs,
unit profits, and prices, seasonally adjusted.
Real
Hourly hourly Unit Total Implicit
Year Labor compen- compen- Unit nonlabor unit Unit price
and produc- Hours sation sation labor costs costs profits deflator
quarter tivity Output worked (1) (2) costs (6) (7) (8) (4)
---------------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate (5)
2022 II -2.7 r -0.1 r 2.7 r 4.6 r -5.3 r 7.5 r 11.5 r 8.7 r 35.8 r 12.6 r
I -4.8 r -1.2 r 3.8 r 3.8 r -4.9 r 9.1 r 24.7 r 13.6 r 4.8 r 12.2 r
2021 ANNUAL 3.2 r 8.3 r 4.9 4.7 r 0.1 r 1.5 r 4.1 r 2.3 r 22.9 r 5.0 r
2021 IV -1.0 r 5.3 r 6.4 r 7.0 r -0.9 r 8.1 r 17.7 r 10.9 r -3.1 r 8.6 r
III 1.8 5.4 r 3.6 r 10.0 r 3.1 r 8.1 r 17.0 r 10.7 r -4.0 r 8.2 r
II -0.7 r 4.7 r 5.4 r 7.3 r -0.8 r 8.0 r -10.8 r 2.0 r 48.2 r 8.2 r
I 2.5 r 7.3 r 4.7 r -1.7 r -5.5 r -4.1 r 3.3 r -1.9 r 51.6 r 4.4 r
2020 ANNUAL 3.5 r -4.0 r -7.3 r 8.1 r 6.7 r 4.4 r -7.5 r 0.6 r 6.6 r 1.4 r
2020 IV 12.6 r 24.3 r 10.4 r 7.1 r 4.8 r -4.9 r 59.3 r 10.3 r -38.3 r 1.3 r
III 0.9 r 34.5 r 33.3 r -6.4 r -10.6 r -7.2 r -22.9 r -11.9 r 177.2 r 3.2 r
II 3.5 r -41.0 r -43.0 r 28.9 r 33.3 r 24.6 r -35.4 r 2.3 r 7.0 r 2.9 r
I 2.7 r -2.3 r -4.9 r 8.5 r 7.1 r 5.6 r 2.5 r 4.6 r -30.6 r -0.6 r
---------------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2022 II -1.7 r 2.3 r 4.1 r 6.3 r -2.1 r 8.2 r 17.6 r 11.0 7.3 r 10.4 r
I -1.2 r 3.5 r 4.8 r 7.0 r -0.9 r 8.3 r 11.3 r 9.2 9.6 r 9.3 r
2021 ANNUAL 3.2 r 8.3 r 4.9 4.7 r 0.1 r 1.5 r 4.1 r 2.3 r 22.9 r 5.0 r
2021 IV 0.6 r 5.7 r 5.0 r 5.6 r -1.0 r 4.9 r 6.1 r 5.3 r 20.3 r 7.3 r
III 3.9 r 10.2 r 6.0 5.6 r 0.3 r 1.6 r 14.5 r 5.1 r 7.4 r 5.5 r
II 3.7 r 17.1 r 12.9 r 1.4 r -3.2 r -2.2 r 3.1 r -0.7 r 40.0 r 4.3 r
I 4.8 r 1.4 r -3.2 r 6.2 r 4.2 r 1.3 r -4.8 r -0.6 r 29.1 r 3.0 r
2020 ANNUAL 3.5 r -4.0 r -7.3 r 8.1 r 6.7 r 4.4 r -7.5 r 0.6 r 6.6 r 1.4 r
2020 IV 4.8 -0.9 r -5.5 r 8.8 r 7.6 r 3.8 r -5.0 r 1.0 r 6.2 r 1.7 r
III 2.9 r -5.3 r -8.0 r 8.5 r 7.2 r 5.5 r -16.4 r -1.6 r 23.7 r 1.6 r
II 3.3 r -11.4 r -14.3 r 10.6 r 10.1 r 7.1 r -9.9 r 1.7 r -3.0 r 1.1 r
I 2.6 r 1.6 r -1.0 r 4.1 r 2.0 r 1.5 r 0.9 r 1.3 r -1.2 r 1.0 r
---------------------------------------------------------------------------------------------------------
Indexes 2012=100
2022 II 111.8 r 125.7 r 112.5 r 146.0 r 114.7 r 130.6 r 118.3 r 126.5 r 143.3 r 128.9 r
I 112.5 r 125.7 r 111.7 r 144.4 r 116.3 r 128.3 r 115.2 r 123.9 r 132.7 r 125.2 r
2021 ANNUAL 114.0 r 123.8 r 108.6 r 139.0 r 117.6 r 121.9 r 104.4 r 116.1 r 129.5 r 118.0 r
2021 IV 113.9 r 126.1 r 110.7 r 143.0 r 117.8 r 125.5 r 109.0 r 120.0 r 131.2 r 121.6 r
III 114.2 r 124.5 r 109.0 r 140.6 r 118.0 r 123.1 r 104.6 r 117.0 r 132.2 r 119.1 r
II 113.7 r 122.9 r 108.0 r 137.3 r 117.1 r 120.7 r 100.6 r 114.0 r 133.5 r 116.8 r
I 113.9 r 121.5 r 106.6 r 134.9 r 117.3 r 118.4 r 103.5 r 113.5 r 121.0 r 114.5 r
2020 ANNUAL 110.4 r 114.3 r 103.5 r 132.7 r 117.5 r 120.2 r 100.3 r 113.6 r 105.4 r 112.4 r
2020 IV 113.2 r 119.3 r 105.4 r 135.5 r 119.0 r 119.7 r 102.7 r 114.0 r 109.1 r 113.3 r
III 109.9 r 113.0 r 102.8 r 133.2 r 117.6 r 121.2 r 91.4 r 111.3 r 123.1 r 112.9 r
II 109.6 r 104.9 r 95.7 r 135.4 r 121.0 r 123.5 r 97.5 r 114.8 r 95.4 r 112.0 r
I 108.7 r 119.8 r 110.2 r 127.0 r 112.6 r 116.9 r 108.8 r 114.2 r 93.8 r 111.2 r
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6. November 3, 2022
r=revised Source: Bureau of Labor Statistics
SOURCES: Output data are from the Bureau of Economic Analysis and the Census Bureau of the U.S.
Department of Commerce; the Bureau of Labor Statistics, U.S. Department of Labor; and the Federal
Reserve Board. Hours and compensation data are from the Bureau of Labor Statistics and the Bureau of
Economic Analysis.
SIZE OF REVISIONS: Productivity and cost measures are revised on a regular schedule as more
complete data become available. The first estimate is published within 40 days of the close of the
reference quarter, the second estimate approximately 30 days later, and the third estimate approximately
60 days after the second estimate. Based on past revisions, the third estimate of nonfarm business sector
quarterly labor productivity growth has differed from the first estimate by -1.1 to +1.4 percentage point
about 80 percent of the time. This interval is based on estimates for reference quarters from the first
quarter of 2001 to the second quarter of 2022. For more about revisions to labor productivity growth see
“How large are revisions to estimates of quarterly labor productivity growth?” at
www.bls.gov/osmr/research-papers/2021/ec210040.htm.
Table Footnotes
(1) Wages and salaries of employees plus employers' contributions for social insurance and private
benefit plans. Except for nonfinancial corporations, where there are no self-employed, data also include
an estimate of wages, salaries, and supplemental payments for the self-employed.
(2) The change for recent quarters is based on the Consumer Price Index for all urban consumers
(CPI-U). The trend from 1978-2021 is based on the Consumer Price Index Retroactive series (CPI-U-
RS).
(3) Unit nonlabor payments include profits, consumption of fixed capital, taxes on production and
imports less subsidies, net interest and miscellaneous payments, business current transfer payments,
rental income of persons, and the current surplus of government enterprises.
(4) Current dollar output divided by the output index.
(5) Quarterly changes: Percent change compounded at annual rate is calculated using index numbers to
three decimal places. Indexes published in the news release are rounded to one decimal place for
convenience. Annual changes: Percent change is calculated using annual indexes to three decimal
places.
(6) Unit nonlabor costs include consumption of fixed capital, taxes on production and imports less
subsidies, net interest and miscellaneous payments, and business current transfer payments.
(7) Total unit costs are the sum of unit labor and nonlabor costs.
(8) Unit profits include corporate profits before tax with inventory valuation and capital consumption
adjustment.
United States Department of Labor
