Table 3. Manufacturing sector: Labor productivity, hourly compensation, and unit labor costs, seasonally adjusted
Table 3. Manufacturing sector: Labor productivity, hourly compensation, and unit labor costs,
seasonally adjusted.
Real
Year Labor Hourly hourly Unit
and produc- Hours compensa- compensa- labor
quarter tivity Output worked tion (1) tion (2) costs
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Percent change from previous quarter at annual rate (5)
2024 III 0.9 r -0.4 r -1.3 r 2.6 r 1.4 r 1.7 r
II 0.2 r 1.4 r 1.2 -5.6 r -8.2 r -5.8 r
I -0.7 -0.9 -0.2 6.2 2.3 7.0
2023 ANNUAL -0.5 -0.4 0.1 4.5 0.4 5.1
2023 IV 2.0 -1.4 r -3.3 6.7 3.9 4.6
III -1.0 -0.4 0.6 6.1 2.6 7.2
II 2.7 0.3 -2.4 8.8 5.6 5.9
I -0.3 0.5 0.8 2.6 -1.1 2.9
2022 ANNUAL -1.3 2.7 4.0 3.2 -4.5 4.6
2022 IV -2.2 r -3.2 -0.9 1.1 -2.8 3.4
III -3.3 0.2 3.7 7.4 1.9 11.1 r
II 0.6 2.7 2.1 1.9 -7.4 1.3
I -2.8 2.6 r 5.6 1.3 -7.3 4.2
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Percent change from corresponding quarter of previous year
2024 III 0.6 r -0.3 r -0.9 2.4 r -0.2 r 1.8 r
II 0.1 r -0.3 -0.4 3.2 r 0.0 r 3.1 r
I 0.7 -0.6 -1.3 6.9 3.6 6.2
2023 ANNUAL -0.5 -0.4 0.1 4.5 0.4 5.1
2023 IV 0.9 -0.3 -1.1 6.0 2.7 5.1
III -0.2 -0.7 -0.5 4.6 1.0 4.8
II -0.8 -0.6 0.3 4.9 0.9 5.8
I -1.3 0.0 1.4 3.2 -2.4 4.6
2022 ANNUAL -1.3 2.7 4.0 3.2 -4.5 4.6
2022 IV -1.9 0.6 2.6 2.9 -4.0 4.9
III -1.7 2.7 4.5 4.5 -3.6 6.3
II -1.3 r 3.4 r 4.8 2.3 -5.9 3.6 r
I -0.3 r 4.3 r 4.5 3.2 -4.6 3.4 r
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Indexes 2017=100
2024 III 98.2 r 99.0 r 100.8 r 127.9 r 99.5 r 130.2 r
II 98.0 r 99.1 r 101.1 127.1 r 99.2 r 129.6 r
I 98.0 r 98.8 r 100.8 128.9 101.3 131.6 r
2023 ANNUAL 97.7 r 99.3 r 101.6 123.9 99.3 126.7 r
2023 IV 98.2 r 99.0 r 100.9 127.0 100.7 129.4 r
III 97.7 r 99.3 r 101.7 124.9 99.8 127.9 r
II 97.9 r 99.4 r 101.6 123.1 99.1 125.7 r
I 97.3 r 99.4 r 102.2 120.5 97.8 123.9 r
2022 ANNUAL 98.2 r 99.6 r 101.4 118.5 98.9 120.6 r
2022 IV 97.3 r 99.2 r 102.0 119.8 98.1 123.1 r
III 97.9 r 100.0 r 102.2 119.4 98.8 122.0 r
II 98.7 r 100.0 r 101.3 117.3 98.3 118.9 r
I 98.6 r 99.3 r 100.8 116.8 100.2 118.5 r
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See footnotes following Table 6. December 10, 2024
r=revised Source: Bureau of Labor Statistics
Last Modified Date: December 10, 2024
United States Department of Labor
