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Economic News Release
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Table 6. Nonfinancial corporate sector: Labor productivity, hourly compensation, unit labor costs, unit profits, and prices, seasonally adjusted



Table 6. Nonfinancial corporate sector: Labor productivity, hourly compensation, unit labor costs,
unit profits, and prices, seasonally adjusted.
                                                                       Value-
                                                     Real              added              Unit
                                           Hourly    hourly            output    Unit     combined
Year         Labor                         compen-   compen-   Unit    price     nonlabor input   Unit
and          produc-             Hours     sation    sation    labor   deflator  costs    costs   profits
quarter      tivity    Output    worked    (1)       (2)       costs   (4)       (6)      (7)     (8)
---------------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate (5)

2023 III       2.5 r     3.3 r    0.8       3.7 r     0.1 r     1.2 r    1.9 r   -3.3 r   -0.2 r   13.7 r
     II        2.2       1.2     -0.9       7.2       4.4       4.9      3.1     -2.4      2.6      6.0  
     I         1.6       4.3      2.6       6.7       2.9       5.0      0.0      2.3      4.1    -18.8  

2022 ANNUAL   -1.0       3.1      4.2       4.1      -3.7       5.2      7.5     11.8      7.2      9.1  

2022 IV       -1.3      -0.1      1.2       0.3      -3.7       1.7      1.1      2.2      1.8     -2.3  
     III       1.4       5.0      3.6       6.7       1.0       5.2      3.1      1.1      3.9     -0.6  
     II       -1.6       0.6      2.3       2.6      -6.5       4.3     11.2      9.1      5.8     42.8  
     I        -3.1       0.8      4.0       1.7      -7.0       4.9     10.4     22.8     10.2     11.7  

2021 ANNUAL    3.6       9.0      5.1       4.7      -0.2       1.0      4.8      3.8      1.8     23.3  

2021 IV       -2.5       5.2      8.0       4.2      -4.2       6.9      7.7     18.6     10.3     -4.7  
     III       2.6       7.0      4.2       8.7       1.9       5.9      3.6     15.2      8.6    -17.9  
     II        0.6       6.4      5.8       6.9      -0.9       6.3      8.5    -12.0      0.4     59.6  
     I         3.4       7.7      4.2      -0.5      -4.7      -3.8      5.7      5.6     -1.0     53.3  
---------------------------------------------------------------------------------------------------------
                       Percent change from corresponding quarter of previous year

2023 III       1.2       2.2 r    0.9       4.5       0.9       3.2 r    1.5     -0.4 r    2.1 r   -1.1 r
     II        1.0       2.6      1.6       5.2       1.1       4.2      1.8      0.7      3.1     -4.4  
     I         0.0       2.4      2.4       4.1      -1.6       4.1      3.8      3.6      3.9      3.0  

2022 ANNUAL   -1.0       3.1      4.2       4.1      -3.7       5.2      7.5     11.8      7.2      9.1  

2022 IV       -1.2       1.6      2.8       2.8      -4.1       4.0      6.4      8.5      5.4     11.5  
     III      -1.5       2.9      4.4       3.8      -4.2       5.3      8.1     12.6      7.5     10.8  
     II       -1.2       3.4      4.6       4.3      -4.0       5.5      8.2     16.3      8.7      5.7  
     I        -0.6       4.8      5.5       5.3      -2.6       6.0      7.5     10.2      7.3      8.7  

2021 ANNUAL    3.6       9.0      5.1       4.7      -0.2       1.0      4.8      3.8      1.8     23.3  

2021 IV        1.0       6.6      5.5       4.8      -2.0       3.7      6.4      6.1      4.4     17.6  
     III       4.6      10.9      6.0       5.7       0.3       1.1      4.0     14.3      4.7      0.5  
     II        3.7      17.1     12.9       1.7      -3.1      -1.9      5.6      3.1     -0.5     48.8  
     I         5.7       2.4     -3.2       6.5       4.4       0.7      3.3     -5.6     -1.3     37.5  
---------------------------------------------------------------------------------------------------------
                                            Indexes 2017=100

2023 III     111.1 r   117.8 r  106.1 r   133.4 r   106.6 r   120.2 r  121.8 r  110.2 r  116.9 r  154.9 r
     II      110.4     116.9    105.9     132.2     106.5     119.8    121.2    111.1    117.0    150.0  
     I       109.8     116.5    106.1     129.9     105.4     118.4    120.3    111.8    116.2    147.8  

2022 ANNUAL  109.6     114.6    104.5     126.7     105.8     115.5    118.8    110.0    113.7    153.2  

2022 IV      109.3     115.3    105.4     127.8     104.6     116.9    120.3    111.2    115.0    155.7  
     III     109.7     115.3    105.1     127.7     105.6     116.4    120.0    110.6    114.5    156.6  
     II      109.3     113.9    104.2     125.7     105.4     115.0    119.0    110.3    113.4    156.9  
     I       109.8     113.7    103.6     124.9     107.1     113.8    115.9    107.9    111.8    143.5  

2021 ANNUAL  110.8     111.1    100.3     121.7     109.8     109.8    110.5     98.4    106.1    140.4  

2021 IV      110.6     113.5    102.6     124.3     109.1     112.4    113.1    102.5    109.2    139.6  
     III     111.3     112.1    100.7     123.1     110.3     110.5    111.0     98.2    106.5    141.3  
     II      110.6     110.2     99.6     120.6     109.8     109.0    110.0     94.8    104.3    148.4  
     I       110.5     108.5     98.2     118.5     110.0     107.3    107.8     97.9    104.2    132.0  
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                         February 1, 2024
r=revised                                                              Source: Bureau of Labor Statistics
Last Modified Date: February 01, 2024