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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) 2024 II -0.3 1.4 1.6 2.8 0.0 3.1 1.4 -3.5 1.0 3.7 I 1.9 2.5 0.6 4.4 0.6 2.5 0.0 9.1 4.5 -19.5 2023 ANNUAL 1.4 2.8 1.5 4.7 0.5 3.3 2.1 0.6 2.4 0.2 2023 IV 6.4 6.6 0.2 1.4 -1.2 -4.7 -0.4 -1.6 -3.7 18.1 III 3.1 3.9 0.8 4.8 1.3 1.6 1.9 -3.8 -0.1 13.0 II 1.8 1.2 -0.5 6.8 3.7 4.9 3.1 -2.4 2.6 6.0 I 1.8 4.3 2.4 6.9 3.0 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 -0.7 -0.1 0.6 1.0 -2.9 1.7 1.1 2.2 1.8 -2.3 III 1.3 5.0 3.7 6.6 1.2 5.2 3.1 1.1 3.9 -0.6 II -2.2 0.6 2.9 2.0 -7.4 4.3 11.2 9.1 5.8 42.8 I -2.2 0.8 3.0 2.6 -6.1 4.9 10.4 22.8 10.2 11.7 --------------------------------------------------------------------------------------------------------- Percent change from corresponding quarter of previous year 2024 II 2.7 3.6 0.8 3.3 0.1 0.6 0.8 -0.1 0.4 2.7 I 3.3 3.5 0.3 4.3 1.1 1.0 1.2 0.2 0.8 3.3 2023 ANNUAL 1.4 2.8 1.5 4.7 0.5 3.3 2.1 0.6 2.4 0.2 2023 IV 3.2 4.0 0.7 5.0 1.7 1.7 1.2 -1.4 0.7 3.5 III 1.5 2.3 0.8 4.8 1.2 3.3 1.5 -0.5 2.1 -1.3 II 1.1 2.6 1.5 5.3 1.2 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 -1.0 1.6 2.5 3.0 -3.9 4.0 6.4 8.5 5.4 11.5 III -1.4 2.9 4.3 3.9 -4.1 5.3 8.1 12.6 7.5 10.8 II -1.1 3.4 4.5 4.3 -4.0 5.5 8.2 16.3 8.7 5.7 I -0.6 4.8 5.4 5.4 -2.6 6.0 7.5 10.2 7.3 8.7 --------------------------------------------------------------------------------------------------------- Indexes 2017=100 2024 II 113.6 121.0 106.6 136.8 106.8 120.5 122.1 111.0 117.4 154.1 I 113.6 120.6 106.2 135.9 106.8 119.6 121.7 112.0 117.1 152.7 2023 ANNUAL 111.2 117.8 105.9 132.7 106.4 119.3 121.3 110.6 116.5 153.4 2023 IV 113.1 119.9 106.0 134.4 106.6 118.9 121.7 109.6 115.8 161.2 III 111.4 118.0 105.9 134.0 107.0 120.3 121.8 110.0 116.9 154.6 II 110.5 116.9 105.7 132.4 106.6 119.8 121.2 111.1 117.0 150.0 I 110.0 116.5 105.9 130.2 105.7 118.4 120.3 111.8 116.2 147.8 2022 ANNUAL 109.7 114.6 104.4 126.7 105.8 115.5 118.8 110.0 113.7 153.2 2022 IV 109.5 115.3 105.2 128.1 104.9 116.9 120.3 111.2 115.0 155.7 III 109.7 115.3 105.1 127.8 105.7 116.4 120.0 110.6 114.5 156.6 II 109.4 113.9 104.1 125.7 105.3 115.0 119.0 110.3 113.4 156.9 I 110.0 113.7 103.4 125.1 107.4 113.8 115.9 107.9 111.8 143.5 --------------------------------------------------------------------------------------------------------- See footnotes following Table 6. September 5, 2024 r=revised Source: Bureau of Labor Statistics