Table 1. Business sector: Labor productivity, hourly compensation, unit labor costs, and prices, seasonally adjusted
Table 1. Business sector: Labor productivity, hourly compensation, unit labor costs, and prices,
seasonally adjusted.
Value-
Real added
Hourly hourly Unit output
Year Labor compen- compen- Unit nonlabor price
and produc- Hours sation sation labor payments deflator
quarter tivity Output worked (1) (2) costs (3) (4)
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Percent change from previous quarter at annual rate (5)
2023 III 4.7 5.7 1.0 4.0 0.4 -0.7 8.5 3.3
II 3.4 2.0 -1.4 r 6.5 r 3.7 r 3.0 r -1.4 r 1.1 r
I -0.6 r 2.1 r 2.7 6.5 r 2.7 r 7.1 r -1.3 r 3.3 r
2022 ANNUAL -1.8 r 1.9 r 3.8 r 3.8 r -4.0 r 5.7 r 10.5 r 7.8 r
2022 IV 2.0 r 2.9 r 0.9 -0.1 r -4.1 r -2.0 r 10.9 r 3.5 r
III 0.2 r 2.7 r 2.5 6.9 r 1.3 r 6.7 r 0.7 r 4.0 r
II -3.4 r -1.3 r 2.1 1.9 r -7.2 r 5.4 r 17.2 r 10.5 r
I -6.7 r -3.0 r 4.0 0.9 r -7.7 r 8.2 r 11.4 r 9.6 r
2021 ANNUAL 1.8 r 7.2 r 5.3 r 4.9 r 0.1 r 3.1 r 7.9 r 5.1 r
2021 IV 2.8 r 8.8 r 5.8 6.1 r -2.4 r 3.2 r 14.5 r 8.0 r
III -2.0 r 3.3 r 5.4 6.1 r -0.5 r 8.3 r 4.3 r 6.6 r
II 1.1 r 7.2 r 6.0 7.3 r -0.6 r 6.2 r 8.7 r 7.3
I 1.9 r 6.7 r 4.6 r -0.3 r -4.5 r -2.2 r 19.9 r 6.6 r
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Percent change from corresponding quarter of previous year
2023 III 2.4 3.2 0.8 4.2 0.6 1.8 4.0 2.8
II 1.2 r 2.4 r 1.2 4.9 r 0.8 r 3.6 r 2.1 r 3.0 r
I -0.5 r 1.6 r 2.0 r 3.8 r -1.9 r 4.2 r 6.6 r 5.3
2022 ANNUAL -1.8 r 1.9 r 3.8 r 3.8 r -4.0 r 5.7 r 10.5 r 7.8 r
2022 IV -2.0 r 0.3 r 2.4 2.4 r -4.5 r 4.5 r 9.9 r 6.9 r
III -1.8 r 1.7 r 3.6 3.9 r -4.1 r 5.9 r 10.8 r 8.0 r
II -2.4 1.8 4.3 3.7 r -4.5 r 6.3 r 11.8 r 8.6 r
I -1.3 r 4.0 r 5.3 5.1 r -2.8 r 6.5 9.7 r 7.8 r
2021 ANNUAL 1.8 r 7.2 r 5.3 r 4.9 r 0.1 r 3.1 r 7.9 r 5.1 r
2021 IV 0.9 r 6.5 r 5.5 4.8 r -2.0 r 3.8 r 11.7 r 7.1 r
III -0.8 r 5.6 r 6.4 r 5.6 r 0.2 r 6.4 r 4.9 r 5.8 r
II 1.4 r 15.2 r 13.6 r 2.7 r -2.1 r 1.3 r 11.1 r 5.3 r
I 5.7 r 2.5 r -3.1 6.5 r 4.4 r 0.8 r 4.2 r 2.2 r
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Indexes 2017=100
2023 III 111.0 116.7 105.2 132.9 106.1 119.7 124.9 122.0
II 109.7 r 115.1 r 104.9 r 131.6 r 106.0 r 119.9 r 122.4 r 121.0 r
I 108.8 r 114.6 r 105.3 r 129.5 r 105.0 r 119.1 r 122.8 r 120.7 r
2022 ANNUAL 108.8 r 113.1 r 103.9 r 126.4 r 105.6 r 116.2 r 119.6 r 117.6 r
2022 IV 108.9 r 114.0 r 104.6 r 127.5 r 104.4 r 117.0 r 123.2 r 119.7 r
III 108.4 r 113.2 r 104.4 r 127.5 r 105.5 r 117.6 r 120.1 r 118.7 r
II 108.4 r 112.4 r 103.7 r 125.4 r 105.1 r 115.7 r 119.8 r 117.5 r
I 109.3 r 112.8 r 103.2 r 124.8 r 107.1 r 114.2 r 115.2 r 114.6 r
2021 ANNUAL 110.9 r 110.9 r 100.0 r 121.8 r 109.9 r 109.8 r 108.2 r 109.1 r
2021 IV 111.2 r 113.6 r 102.2 r 124.5 r 109.3 r 112.0 r 112.1 r 112.0 r
III 110.4 r 111.3 r 100.7 r 122.7 r 109.9 r 111.1 r 108.4 r 109.9 r
II 111.0 r 110.4 r 99.4 r 120.9 r 110.1 r 108.9 r 107.2 r 108.2 r
I 110.7 r 108.5 r 98.0 r 118.8 r 110.2 r 107.3 r 105.0 r 106.3 r
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See footnotes following Table 6. November 2, 2023
r=revised Source: Bureau of Labor Statistics
Last Modified Date: November 02, 2023
United States Department of Labor
