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)
2024 ANNUAL 2.7 r 2.9 0.2 r 5.1 r 2.1 r 2.3 r 1.7 r 2.1 r
2024 IV 1.5 r 2.4 r 0.8 r 3.8 r 0.7 r 2.2 r 1.3 r 1.8 r
III 2.9 r 3.6 0.7 r 1.3 r -0.1 r -1.5 r 4.4 r 1.1
II 2.1 3.0 1.0 r 1.1 r -1.6 r -0.9 r 6.4 r 2.3
I 1.6 r 1.3 -0.3 r 10.0 r 6.0 r 8.3 r -4.1 r 2.6
2023 ANNUAL 1.8 r 2.9 1.0 r 4.1 r 0.0 r 2.2 5.3 3.6
2023 IV 3.5 r 3.4 -0.1 r 4.7 r 2.0 r 1.2 r 1.3 r 1.3
III 4.7 r 5.0 0.3 r 5.8 r 2.3 r 1.0 r 5.4 r 3.0
II 3.4 r 2.4 -1.0 r 6.6 r 3.4 r 3.1 r 0.6 r 1.9
I 0.7 r 2.5 1.7 r 3.8 0.0 r 3.0 r 5.2 r 4.0
2022 ANNUAL -1.5 2.5 4.1 3.5 -4.2 5.1 11.2 7.7
2022 IV 2.7 r 3.7 0.9 r 0.4 -3.5 -2.2 r 11.1 r 3.5
III 0.0 r 2.6 2.6 r 7.4 r 2.0 r 7.4 0.3 4.2
II -3.3 r -0.3 3.1 r 0.4 r -8.9 r 3.8 r 19.1 r 10.3
I -4.9 r -2.0 3.0 r 1.6 r -7.0 r 6.8 r 12.2 r 9.1
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Percent change from corresponding quarter of previous year
2024 ANNUAL 2.7 r 2.9 0.2 r 5.1 r 2.1 r 2.3 r 1.7 r 2.1 r
2024 IV 2.0 r 2.6 0.6 r 4.0 r 1.2 r 2.0 r 2.0 r 2.0 r
III 2.5 r 2.8 0.3 r 4.2 r 1.5 r 1.7 r 1.9 r 1.8
II 3.0 r 3.2 0.2 r 5.4 r 2.1 r 2.3 2.2 2.3
I 3.3 r 3.0 -0.3 r 6.8 r 3.4 r 3.4 r 0.7 r 2.2
2023 ANNUAL 1.8 r 2.9 1.0 r 4.1 r 0.0 r 2.2 5.3 3.6
2023 IV 3.1 r 3.3 0.2 r 5.2 r 1.9 r 2.1 3.1 2.5
III 2.9 r 3.4 0.5 r 4.1 r 0.5 r 1.2 5.5 3.1
II 1.7 2.8 1.1 4.5 r 0.5 r 2.8 r 4.2 r 3.4
I 0.0 2.1 2.1 3.0 -2.7 2.9 r 8.7 r 5.5
2022 ANNUAL -1.5 2.5 4.1 3.5 -4.2 5.1 11.2 7.7
2022 IV -1.4 1.0 2.4 2.4 -4.4 3.9 r 10.5 6.8
III -1.4 2.3 3.7 3.8 -4.2 5.2 11.7 8.0
II -1.9 r 2.5 4.5 3.3 -4.9 5.4 12.9 8.6
I -1.1 r 4.4 5.6 r 4.9 r -3.1 6.0 9.8 7.6
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Indexes 2017=100
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 138.2 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 r 126.4 r 123.2
2023 ANNUAL 111.7 r 117.7 105.4 r 131.4 r 105.4 r 117.7 r 126.6 r 121.6
2023 IV 113.4 r 119.3 105.2 r 134.2 r 106.4 r 118.3 r 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 r 122.1
II 111.1 r 116.9 105.2 r 130.8 r 105.3 r 117.7 r 125.7 r 121.2
I 110.2 r 116.2 105.4 r 128.7 r 104.4 r 116.8 r 125.5 r 120.6
2022 ANNUAL 109.7 r 114.4 104.3 r 126.3 r 105.4 r 115.1 r 120.2 r 117.3
2022 IV 110.0 r 115.5 105.0 r 127.5 r 104.4 r 115.9 r 123.9 r 119.4
III 109.3 r 114.5 104.7 r 127.4 r 105.3 r 116.6 r 120.7 r 118.4
II 109.3 r 113.7 104.1 r 125.1 r 104.8 r 114.5 r 120.6 r 117.2
I 110.2 r 113.8 103.3 r 125.0 r 107.3 r 113.4 r 115.5 r 114.3
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See footnotes following Table 6. March 6, 2025
r=revised Source: Bureau of Labor Statistics
Last Modified Date: March 06, 2025
United States Department of Labor
