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Economic News Release
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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.
                                                          Real
                                               Hourly     hourly                Unit       Implicit
Year          Labor                            compen-    compen-     Unit      nonlabor   price
and           produc-               Hours      sation     sation      labor     payments   deflator
quarter       tivity     Output     worked     (1)        (2)         costs     (3)        (4)
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate (5)

2022 II       -4.6        -2.1        2.6        5.7       -4.4       10.8        7.3        9.4  
     I        -7.4 r      -2.5 r      5.3 r      4.4       -4.4       12.7 r      2.1 r      8.3 r

2021 ANNUAL    1.9         7.4        5.4        5.6        0.9        3.7        4.6        4.0  

2021 IV        6.3         9.0        2.5       10.5        2.4        3.9       13.7        7.8  
     III      -3.9         2.0        6.2        6.3       -0.4       10.6       -0.4        6.0  
     II        3.2         8.5        5.1        9.2        1.1        5.8        6.6        6.1  
     I         2.2         8.4        6.1       -0.6       -4.5       -2.7       16.5        4.6  

2020 ANNUAL    2.4        -4.4       -6.7        7.0        5.7        4.5       -4.9        0.4  

2020 IV       -2.8         6.2        9.2       10.6        8.2       13.8      -15.3        0.9  
     III       6.2        44.6       36.2       -4.7       -9.1      -10.3       31.3        4.7  
     II       10.3       -36.9      -42.7       21.6       25.8       10.3      -21.6       -3.9  
     I        -2.5        -7.4       -5.0        8.7        7.3       11.5      -13.4        0.2  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2022 II       -2.5         1.5        4.1        6.7       -1.7        9.5        5.5        7.8  
     I        -0.6         4.1 r      4.8        7.6       -0.4        8.2        5.3        7.0  

2021 ANNUAL    1.9         7.4        5.4        5.6        0.9        3.7        4.6        4.0  

2021 IV        1.9         6.9        4.9        6.3       -0.4        4.3        8.9        6.1  
     III      -0.4         6.2        6.6        6.3        1.0        6.7        1.2        4.4  
     II        2.2        15.9       13.5        3.4       -1.3        1.2        8.4        4.1  
     I         3.9         1.3       -2.5        6.2        4.3        2.3        0.4        1.5  

2020 ANNUAL    2.4        -4.4       -6.7        7.0        5.7        4.5       -4.9        0.4  

2020 IV        2.7        -2.7       -5.2        8.6        7.3        5.8       -6.8        0.4  
     III       3.7        -3.7       -7.1        7.3        6.0        3.4       -3.3        0.5  
     II        2.5       -11.5      -13.6        8.7        8.2        6.0       -9.0       -0.4  
     I         0.9         0.2       -0.7        3.7        1.6        2.7       -0.8        1.2  
---------------------------------------------------------------------------------------------------
                                         Indexes 2012=100

2022 II      109.7       125.7      114.6      144.0      113.2      131.3      114.1      123.8  
     I       111.0 r     126.4 r    113.9 r    142.1 r    114.4 r    128.0 r    112.1 r    121.1 r

2021 ANNUAL  112.2       124.2      110.7      136.2      115.2      121.4      108.6      115.8  

2021 IV      113.2       127.2      112.4      140.6      115.7      124.2      111.5      118.7  
     III     111.4       124.5      111.7      137.1      115.0      123.0      108.0      116.5  
     II      112.6       123.9      110.0      135.0      115.2      119.9      108.1      114.8  
     I       111.7       121.4      108.7      132.1      114.8      118.3      106.4      113.1  

2020 ANNUAL  110.1       115.7      105.1      128.9      114.1      117.1      103.8      111.3  

2020 IV      111.1       118.9      107.1      132.2      116.2      119.1      102.4      111.8  
     III     111.8       117.2      104.8      129.0      113.9      115.3      106.8      111.6  
     II      110.2       106.9       97.0      130.5      116.7      118.5       99.8      110.3  
     I       107.5       119.9      111.5      124.3      110.2      115.6      106.0      111.4  
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                     August 9, 2022
r=revised                                                        Source: Bureau of Labor Statistics
Last Modified Date: August 09, 2022