Table 2. Nonfarm business sector: Labor productivity, hourly compensation, unit labor costs, and prices, seasonally adjusted
Table 2. Nonfarm 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 II 3.5 r 1.9 r -1.5 r 5.7 r 2.9 r 2.2 r 1.4 r 1.8 r
I -1.2 1.4 2.6 2.1 -1.6 3.3 6.1 4.5
2022 ANNUAL -1.6 2.3 4.0 4.4 -3.4 6.1 8.0 6.9
2022 IV 1.6 2.9 1.3 -0.7 -4.7 -2.2 11.1 3.3
III 1.2 3.6 2.4 8.2 2.5 6.9 -0.3 3.8
II -3.7 -1.2 2.6 2.6 -6.5 6.6 14.0 9.7
I -6.0 -2.5 3.8 2.0 -6.8 8.5 6.4 7.6
2021 ANNUAL 2.2 7.8 5.5 4.7 -0.1 2.4 7.7 4.6
2021 IV 3.0 9.1 5.9 6.8 -1.8 3.7 12.8 7.5
III -3.0 2.7 5.9 5.9 -0.7 9.1 2.5 6.3
II 2.3 8.9 6.4 6.9 -1.0 4.4 8.7 6.2
I 3.4 8.5 4.9 -0.9 -5.0 -4.2 22.7 6.2
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Percent change from corresponding quarter of previous year
2023 II 1.2 r 2.5 r 1.2 3.8 r -0.3 2.5 r 4.5 r 3.4
I -0.6 1.6 2.2 3.0 -2.6 3.6 7.6 5.3
2022 ANNUAL -1.6 2.3 4.0 4.4 -3.4 6.1 8.0 6.9
2022 IV -1.8 0.7 2.5 3.0 -3.9 4.9 7.7 6.1
III -1.5 2.2 3.7 4.9 -3.2 6.4 8.1 7.1
II -2.5 1.9 4.5 4.3 -4.0 7.0 8.8 7.8
I -1.0 4.5 5.5 5.4 -2.6 6.4 7.5 6.9
2021 ANNUAL 2.2 7.8 5.5 4.7 -0.1 2.4 7.7 4.6
2021 IV 1.4 7.3 5.8 4.6 -2.1 3.2 11.4 6.5
III -0.2 6.3 6.6 5.4 0.0 5.6 4.5 5.1
II 2.1 16.3 13.9 2.2 -2.6 0.1 11.4 4.6
I 5.7 2.2 -3.2 6.4 4.3 0.7 3.8 2.0
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Indexes 2012=100
2023 II 113.9 r 131.1 r 115.1 r 146.9 r 110.7 r 128.9 r 128.0 r 128.5 r
I 113.0 r 130.5 115.5 r 144.9 r 109.9 r 128.2 r 127.6 r 128.0
2022 ANNUAL 113.2 128.9 113.9 142.8 111.5 126.2 122.3 124.5
2022 IV 113.3 130.0 114.8 144.1 110.3 127.2 125.7 126.6
III 112.9 129.1 114.4 144.4 111.6 127.9 122.4 125.5
II 112.5 128.0 113.7 141.6 111.0 125.8 122.5 124.4
I 113.6 128.4 113.0 140.6 112.8 123.8 118.6 121.5
2021 ANNUAL 115.1 126.0 109.5 136.8 115.5 118.9 113.3 116.4
2021 IV 115.4 129.2 111.9 140.0 114.8 121.3 116.8 119.3
III 114.5 126.4 110.3 137.7 115.4 120.2 113.3 117.2
II 115.4 125.5 108.8 135.7 115.6 117.6 112.6 115.4
I 114.7 122.9 107.1 133.5 115.9 116.3 110.3 113.7
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See footnotes following Table 6. September 7, 2023
r=revised Source: Bureau of Labor Statistics
Last Modified Date: September 18, 2023
United States Department of Labor
