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Economic News Release
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Table 3. Labor productivity, unit labor costs, and related data, 2019-2024

Table 3. Labor productivity, unit labor costs, and related data, 2019-2024
Industry 2017 NAICS code 2024
Employment
(thousands)
Annual percent change, 2019-2024
Labor productivity Unit labor costs Output Hours
worked
Labor compen-
sation
Hourly compen-
sation

Utilities

Utilities

22 591.3 -0.9 4.5 0.3 1.3 4.9 3.5

Utilities

221 591.3 -0.9 4.5 0.3 1.3 4.9 3.5

Power generation and supply

2211 413.1 -1.6 5.1 -0.4 1.3 4.7 3.4

Natural gas distribution

2212 116.1 1.0 2.7 2.1 1.1 4.8 3.7

Water, sewage and other systems

2213 62.1 0.7 4.8 2.6 1.9 7.5 5.5

Transportation and Warehousing

Air transportation

481 563.2 -4.5 5.8 1.2 6.1 7.1 1.0

Line-haul railroads

482111 143.9 1.0 3.6 -0.9 -1.9 2.7 4.7

Truck transportation

484 1,727.3 1.4 2.9 0.5 -0.9 3.4 4.3

General freight trucking

4841 1,253.0 1.4 3.1 0.4 -1.1 3.5 4.6

General freight trucking, local

48411 356.1 1.0 2.8 1.5 0.4 4.3 3.9

General freight trucking, long-distance

48412 896.9 1.7 3.1 0.1 -1.6 3.2 4.9

Specialized freight trucking

4842 474.3 0.7 2.8 0.2 -0.4 3.1 3.5

Postal service(1)

491 606.6 -4.0 7.6 -4.4 -0.5 2.9 3.3

Postal service(1)

4911 606.6 -4.0 7.6 -4.4 -0.5 2.9 3.3

Couriers and messengers

492 1,336.9 -5.8 12.1 -0.2 5.9 11.9 5.7

Warehousing and storage

493 1,861.8 -7.4 13.8 0.0 8.0 13.8 5.4

Warehousing and storage

4931 1,861.8 -7.4 13.8 0.0 8.0 13.8 5.4

Information

Publishing

511 890.6 4.1 1.8 7.1 2.9 9.1 6.0

Newspaper, book, and directory publishers

5111 243.0 4.9 0.7 -1.9 -6.5 -1.2 5.7

Newspaper publishers

51111 89.9 5.8 -0.5 -3.4 -8.6 -3.8 5.3

Periodical publishers

51112 69.0 6.5 -1.3 0.0 -6.1 -1.3 5.1

Software publishers

5112 647.6 1.5 2.4 8.9 7.3 11.5 3.9

Broadcasting, except Internet

515 236.6 7.7 -2.8 4.0 -3.4 1.1 4.7

Radio and television broadcasting

5151 190.2 6.5 -1.9 3.3 -3.0 1.3 4.4

Cable and other subscription programming

5152 46.4 8.8 -2.8 3.6 -4.7 0.7 5.7

Wired and wireless telecommunications carriers

5173 540.4 1.1 1.0 -1.0 -2.1 0.0 2.1

Wired telecommunications carriers

517311 455.1 -1.8 4.2 -3.5 -1.7 0.6 2.3

Wireless telecommunications carriers

517312 85.3 6.0 -4.7 1.9 -3.9 -2.9 1.0

Finance and Insurance

Commercial banking

52211 1,376.7 1.3 4.2 0.6 -0.7 4.8 5.5

Real Estate and Rental and Leasing

Truck, trailer, and RV rental and leasing

53212 95.3 4.8 3.4 1.3 -3.3 4.8 8.4

Professional and Technical Services

Accounting and bookkeeping services

5412 1,315.9 0.3 4.0 1.7 1.4 5.7 4.3

Accounting and bookkeeping services

54121 1,315.9 0.3 4.0 1.7 1.4 5.7 4.3

Engineering services

54133 1,205.2 1.2 2.8 3.6 2.4 6.5 4.0

Administrative and Waste Services

Travel arrangement and reservation services

5615 234.4 7.5 0.9 4.8 -2.5 5.8 8.4

Health Care and Social Assistance

Medical and diagnostic laboratories

6215 325.1 5.2 0.4 5.8 0.6 6.3 5.7

Arts, Entertainment, and Recreation

Amusement parks and arcades

7131 236.2 1.8 3.3 2.5 0.7 5.9 5.1

Gambling industries

7132 133.2 7.4 1.2 7.6 0.2 8.9 8.7

Accommodation and Food Services

Accommodation

721 1,953.4 2.1 2.6 0.6 -1.5 3.2 4.8

Traveler accommodation

7211 1,862.0 2.1 2.6 0.4 -1.6 3.1 4.8

Food services and drinking places

722 12,494.4 3.0 3.1 2.7 -0.3 5.9 6.2

Restaurants and other eating places

72251 11,121.0 3.3 2.8 2.9 -0.4 5.8 6.2

Full-service restaurants

722511 5,410.0 4.7 1.2 3.6 -1.1 4.9 6.0

Limited-service eating places

722513,4,5 5,711.0 2.1 4.5 2.4 0.3 7.0 6.7

Other Services

Automotive repair and maintenance

8111 1,282.3 -2.3 7.3 -0.2 2.1 7.1 4.9

Drycleaning and laundry services

8123 272.6 1.6 3.7 -0.8 -2.3 2.9 5.4

Footnotes
(1) For NAICS industries 491 and 4911, average annual percent changes are for the fiscal year ending in September.

Last Modified Date: June 26, 2025