Table 4. Durable manufacturing sector: Labor productivity, hourly compensation, and unit labor costs, seasonally adjusted
Table 4. Durable 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 II 0.4 1.7 r 1.3 r 4.4 r 1.6 r 4.0 r
I 0.7 r -0.1 r -0.8 5.1 1.2 4.3 r
2023 ANNUAL -1.1 0.2 1.3 4.8 0.7 6.0
2023 IV 0.0 -3.0 -3.0 2.3 -0.4 2.3
III -3.5 -0.1 3.5 7.9 4.3 11.8
II 4.4 1.8 -2.5 7.8 4.6 3.3
I -2.4 -0.4 2.1 5.9 2.1 8.6
2022 ANNUAL -1.3 3.3 4.7 2.5 -5.2 3.8
2022 IV -2.2 -2.4 -0.1 -0.6 -4.5 1.6
III -3.1 1.9 5.1 7.3 1.9 10.7
II 2.2 5.4 3.2 2.7 -6.7 0.5
I -2.9 4.4 7.6 -0.5 -9.0 2.5
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Percent change from corresponding quarter of previous year
2024 II -0.6 r -0.4 r 0.2 r 4.9 1.7 r 5.5 r
I 0.4 r -0.4 -0.7 5.7 2.4 5.4
2023 ANNUAL -1.1 0.2 1.3 4.8 0.7 6.0
2023 IV -0.4 -0.4 0.0 6.0 2.6 6.4
III -1.0 -0.3 0.7 5.2 1.6 6.2
II -0.9 0.2 1.1 5.0 1.0 6.0
I -1.4 1.1 2.5 3.8 -1.9 5.3
2022 ANNUAL -1.3 3.3 4.7 2.5 -5.2 3.8
2022 IV -1.5 2.3 3.9 2.2 -4.7 3.8
III -0.9 4.3 5.3 4.6 -3.5 5.5
II -0.7 4.5 5.2 0.9 -7.2 1.6
I -2.2 2.3 4.5 2.2 -5.5 4.5
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Indexes 2017=100
2024 II 96.0 r 97.8 r 101.9 r 129.2 r 100.8 r 134.6 r
I 95.9 r 97.4 r 101.5 127.8 100.4 133.3 r
2023 ANNUAL 95.9 97.8 102.1 123.9 99.4 129.3
2023 IV 95.7 97.4 101.8 126.2 100.1 131.9
III 95.7 98.1 102.5 125.5 100.2 131.1
II 96.6 98.1 101.6 123.2 99.2 127.5
I 95.5 97.7 102.3 120.9 98.1 126.5
2022 ANNUAL 96.9 97.7 100.8 118.2 98.7 122.0
2022 IV 96.1 97.8 101.7 119.1 97.6 123.9
III 96.7 98.4 101.8 119.3 98.7 123.4
II 97.4 97.9 100.5 117.2 98.2 120.3
I 96.9 96.7 99.7 116.4 99.9 120.2
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See footnotes following Table 6. September 5, 2024
r=revised Source: Bureau of Labor Statistics
Last Modified Date: September 05, 2024
United States Department of Labor
