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)
2025 I -1.1 -0.6 0.5 4.9 1.1 6.1 0.8 3.6
2024 ANNUAL 2.8 3.0 r 0.1 r 5.1 2.1 2.3 1.4 1.9
2024 IV 2.2 r 2.5 r 0.3 4.3 r 1.2 r 2.1 r 1.9 r 2.0
III 2.4 r 3.5 1.1 r 0.9 -0.5 -1.4 4.8 1.4
II 2.3 r 3.3 1.0 1.1 -1.6 -1.1 6.4 2.2
I 1.7 1.4 -0.3 10.0 6.1 r 8.2 -4.5 2.2
2023 ANNUAL 1.9 2.9 1.0 4.1 0.0 2.2 4.9 3.4
2023 IV 3.6 3.4 -0.2 4.8 2.0 r 1.2 0.3 0.8
III 4.7 4.9 0.2 5.9 2.3 r 1.2 4.8 2.8
II 3.3 2.5 -0.7 6.1 3.0 2.7 -0.3 1.3
I 0.7 2.5 1.8 3.8 0.1 r 3.1 4.4 3.7
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Percent change from corresponding quarter of previous year
2025 I 1.4 2.1 0.7 2.8 0.0 1.4 3.5 2.3
2024 ANNUAL 2.8 3.0 r 0.1 r 5.1 2.1 2.3 1.4 1.9
2024 IV 2.1 2.7 r 0.5 4.0 1.3 r 1.8 r 2.1 r 2.0
III 2.5 2.9 0.4 4.2 r 1.5 r 1.6 1.7 1.7
II 3.1 r 3.2 0.2 5.4 2.2 2.3 1.7 2.0
I 3.3 3.0 -0.3 r 6.7 3.3 3.3 0.0 1.8
2023 ANNUAL 1.9 2.9 1.0 4.1 0.0 2.2 4.9 3.4
2023 IV 3.0 r 3.3 0.3 5.2 1.9 2.0 2.3 2.1
III 2.9 3.4 0.5 4.1 0.5 1.2 4.9 2.9
II 1.7 r 2.8 1.1 r 4.5 0.4 2.7 3.9 3.2
I 0.1 r 2.1 1.9 3.1 -2.5 3.0 8.8 5.6
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Indexes 2017=100
2025 I 115.7 122.2 105.6 141.5 108.2 122.3 130.8 126.0
2024 ANNUAL 115.0 r 121.1 r 105.2 r 138.5 r 107.9 r 120.4 r 128.8 r 124.1 r
2024 IV 116.0 r 122.4 r 105.5 r 139.8 r 107.9 r 120.5 r 130.5 r 124.9 r
III 115.4 r 121.6 105.4 r 138.4 r 107.6 r 119.9 r 129.9 r 124.3
II 114.7 r 120.6 105.1 r 138.1 r 107.8 r 120.4 r 128.4 r 123.9
I 114.1 r 119.6 104.8 r 137.7 r 108.2 120.7 r 126.4 r 123.2
2023 ANNUAL 111.9 r 117.6 105.1 r 131.7 r 105.6 r 117.7 127.1 121.8
2023 IV 113.6 r 119.2 104.9 r 134.4 r 106.6 r 118.4 127.8 122.5
III 112.6 r 118.2 105.0 r 132.9 r 106.1 r 118.0 127.7 r 122.3
II 111.3 r 116.8 104.9 r 131.0 r 105.5 r 117.7 126.2 121.4
I 110.4 r 116.1 105.1 r 129.0 r 104.7 r 116.9 126.4 121.0
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See footnotes following Table 6. May 8, 2025
r=revised Source: Bureau of Labor Statistics
Last Modified Date: May 08, 2025
United States Department of Labor
