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
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate (5)

2024 ANNUAL        0.6 r         -0.4           -1.0 r          4.0 r          1.0 r          3.3 r

2024 IV            0.3 r         -1.3 r         -1.6 r          4.0 r          1.0            3.7 r
     III           0.7 r         -0.7 r         -1.4 r          4.2 r          2.7 r          3.5 r
     II            0.6 r          1.4            0.8 r         -5.2 r         -7.8 r         -5.7  
     I            -0.1 r         -0.9           -0.7 r          6.8 r          2.9 r          7.0  

2023 ANNUAL       -0.3 r         -0.4            0.0 r          4.7 r          0.6 r          5.1  

2023 IV            1.7 r         -1.4           -3.0 r          6.3 r          3.5 r          4.6  
     III          -0.5 r         -0.4            0.1 r          6.7 r          3.1 r          7.2  
     II            3.8 r          0.3           -3.4 r         10.0 r          6.8 r          5.9  
     I             0.2 r          0.5            0.3 r          3.1 r         -0.6 r          2.9  

2022 ANNUAL       -1.3            2.7            4.0            3.2           -4.5            4.6  

2022 IV           -3.3 r         -3.2            0.2 r         -0.1 r         -4.0 r          3.4  
     III          -2.8 r          0.2            3.2 r          7.9 r          2.5 r         11.1  
     II            0.8 r          2.7            1.8 r          2.2 r         -7.2 r          1.3  
     I            -2.4 r          2.6            5.2 r          1.7 r         -6.9 r          4.2  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2024 ANNUAL        0.6 r         -0.4           -1.0 r          4.0 r          1.0 r          3.3 r

2024 IV            0.4 r         -0.4 r         -0.7 r          2.3 r         -0.4 r          2.0 r
     III           0.7 r         -0.4           -1.1 r          2.9 r          0.2 r          2.2 r
     II            0.4 r         -0.3           -0.7 r          3.5 r          0.3 r          3.1  
     I             1.2 r         -0.6           -1.8 r          7.4 r          4.1 r          6.2  

2023 ANNUAL       -0.3 r         -0.4            0.0 r          4.7 r          0.6 r          5.1  

2023 IV            1.3 r         -0.3           -1.5 r          6.5 r          3.1 r          5.1  
     III           0.0 r         -0.7           -0.7 r          4.9 r          1.2 r          4.8  
     II           -0.6 r         -0.6            0.0 r          5.2 r          1.1 r          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           -2.0 r          0.6            2.6            2.9           -4.0            4.9  
     III          -1.6 r          2.7            4.4 r          4.6 r         -3.5 r          6.3  
     II           -1.4 r          3.4            4.8            2.2 r         -5.9            3.6  
     I            -0.3            4.3            4.6 r          3.1 r         -4.7 r          3.4  
---------------------------------------------------------------------------------------------------
                                         Indexes 2017=100

2024 ANNUAL       98.6 r         98.9 r        100.3 r        129.1 r        100.6 r        131.0 r

2024 IV           98.9 r         98.6 r         99.8 r        130.4 r        100.7 r        132.0 r
     III          98.8 r         98.9 r        100.2 r        129.2 r        100.5 r        130.8 r
     II           98.6 r         99.1          100.5 r        127.8 r         99.8 r        129.7 r
     I            98.5 r         98.8          100.3 r        129.6 r        101.8 r        131.6 r

2023 ANNUAL       98.0 r         99.3          101.3 r        124.2 r         99.6 r        126.8 r

2023 IV           98.5 r         99.0          100.5 r        127.5 r        101.1 r        129.4 r
     III          98.1 r         99.3          101.3 r        125.5 r        100.2 r        128.0 r
     II           98.2 r         99.4          101.2 r        123.5 r         99.5 r        125.7 r
     I            97.3 r         99.4          102.1 r        120.6 r         97.8 r        123.9 r

2022 ANNUAL       98.3 r         99.6          101.3 r        118.6 r         99.0 r        120.6 r

2022 IV           97.3 r         99.2          102.0 r        119.7 r         98.0 r        123.1 r
     III          98.1 r        100.0          102.0 r        119.7 r         99.0 r        122.0 r
     II           98.8 r        100.0          101.2 r        117.5 r         98.4 r        118.9 r
     I            98.6 r         99.3          100.7 r        116.8 r        100.3 r        118.5  
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                      March 6, 2025
r=revised                                                        Source: Bureau of Labor Statistics