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)
2025 I -0.8 -0.3 0.6 4.8 1.0 5.7 0.9 3.5
2024 ANNUAL 2.8 r 2.9 0.1 r 5.2 r 2.2 r 2.3 1.7 2.1
2024 IV 1.7 r 2.5 r 0.8 3.7 r 0.6 r 2.0 r 1.6 r 1.8
III 2.9 3.6 0.7 1.3 -0.1 -1.5 4.4 1.1
II 2.1 3.0 1.0 1.1 -1.6 -0.9 6.4 2.3
I 1.6 1.3 -0.3 10.1 r 6.1 r 8.3 -4.1 2.6
2023 ANNUAL 1.8 2.9 1.1 r 4.1 0.0 2.2 5.3 3.6
2023 IV 3.5 3.4 -0.1 4.7 1.9 r 1.2 1.3 1.3
III 4.7 5.0 0.3 5.8 2.2 r 1.0 5.4 3.0
II 3.4 2.4 -1.0 6.5 r 3.5 r 3.1 0.6 1.9
I 0.7 2.5 1.8 r 3.7 r 0.1 r 3.0 5.2 4.0
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Percent change from corresponding quarter of previous year
2025 I 1.4 2.2 0.8 2.7 0.0 1.3 3.3 2.2
2024 ANNUAL 2.8 r 2.9 0.1 r 5.2 r 2.2 r 2.3 1.7 2.1
2024 IV 2.1 r 2.6 0.6 4.0 1.2 1.9 r 2.0 1.9 r
III 2.5 2.8 0.3 4.2 1.5 1.7 1.9 1.8
II 3.0 3.2 0.2 5.4 2.1 2.3 2.2 2.3
I 3.3 3.0 -0.3 6.8 3.4 3.4 0.7 2.2
2023 ANNUAL 1.8 2.9 1.1 r 4.1 0.0 2.2 5.3 3.6
2023 IV 3.1 3.3 0.2 5.2 1.9 2.1 3.1 2.5
III 2.9 3.4 0.5 4.1 0.5 1.2 5.5 3.1
II 1.7 2.8 1.1 4.5 0.4 r 2.8 4.2 3.4
I 0.0 2.1 2.1 2.9 r -2.7 2.9 8.7 5.5
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Indexes 2017=100
2025 I 115.5 122.4 106.0 141.2 108.0 122.2 130.6 125.9
2024 ANNUAL 114.8 r 121.1 r 105.5 r 138.2 r 107.7 r 120.4 r 128.8 r 124.1 r
2024 IV 115.7 r 122.4 r 105.8 r 139.5 r 107.7 r 120.6 r 130.3 r 124.8 r
III 115.2 r 121.7 105.6 r 138.3 r 107.5 r 120.0 r 129.8 r 124.3
II 114.4 r 120.6 105.4 r 137.8 r 107.6 r 120.4 r 128.4 r 123.9
I 113.8 r 119.7 105.1 r 137.4 r 108.0 r 120.7 126.4 r 123.2
2023 ANNUAL 111.7 r 117.7 105.4 r 131.4 r 105.4 r 117.7 126.6 121.6
2023 IV 113.4 r 119.3 105.2 r 134.2 r 106.4 r 118.3 127.8 r 122.4
III 112.4 r 118.3 105.2 r 132.6 r 105.9 r 118.0 r 127.3 122.1
II 111.1 r 116.9 105.2 r 130.8 r 105.3 r 117.7 125.7 r 121.2
I 110.2 r 116.2 105.4 r 128.7 r 104.4 r 116.8 125.5 120.6
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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
