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)
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Percent change from previous quarter at annual rate (5)
2024 III 2.5 r 2.9 r 0.4 r 1.3 r -0.1 r -1.2 r 0.3 3.2 r 0.2 r 0.8 r
II 1.1 r 2.5 1.4 r 0.8 r -1.9 r -0.2 1.4 -3.7 -1.3 15.1
I 6.5 r 6.4 -0.1 r 12.4 r 8.3 r 5.5 0.0 6.0 5.7 -22.2
2023 ANNUAL 0.2 r 1.5 1.2 r 4.3 r 0.1 r 4.1 3.5 -0.3 2.7 7.3
2023 IV 6.3 r 6.0 -0.3 r 4.6 r 1.8 r -1.6 1.3 -2.0 -1.7 15.9
III 2.9 r 2.9 0.0 r 5.0 r 1.4 r 2.0 3.5 -1.6 0.9 16.9
II 3.3 r 2.5 -0.7 r 6.1 r 3.0 r 2.7 1.9 -2.5 1.1 6.0
I -2.9 r -0.6 2.3 r 5.8 r 1.9 r 8.9 4.2 -1.5 5.5 -1.6
2022 ANNUAL -0.1 4.1 4.2 4.1 -3.7 4.1 7.4 15.1 7.4 7.1
2022 IV -2.1 r -1.4 0.7 r 0.0 r -3.8 r 2.2 2.3 1.7 2.0 3.7
III 1.2 r 4.6 3.4 r 6.4 r 1.0 r 5.2 4.1 0.2 3.5 6.9
II -1.3 r 1.9 3.2 r 1.6 r -7.8 r 2.9 9.9 9.3 4.9 38.1
I 0.9 r 3.9 3.0 2.9 r -5.9 2.0 8.8 33.7 10.9 -1.1
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Percent change from corresponding quarter of previous year
2024 III 4.0 r 4.4 r 0.4 r 4.7 2.0 0.6 r 0.7 0.8 r 0.7 1.1 r
II 4.2 r 4.4 0.3 r 5.6 r 2.4 r 1.4 1.6 -0.4 0.8 5.0
I 4.7 r 4.5 -0.3 r 7.0 r 3.6 r 2.1 1.7 -0.1 1.4 2.8
2023 ANNUAL 0.2 r 1.5 1.2 r 4.3 r 0.1 r 4.1 3.5 -0.3 2.7 7.3
2023 IV 2.3 r 2.7 0.3 r 5.3 r 2.0 r 2.9 2.7 -1.9 1.4 9.0
III 0.3 r 0.8 0.6 r 4.2 r 0.6 r 3.9 3.0 -1.0 2.3 6.0
II -0.2 r 1.2 1.4 r 4.5 r 0.5 r 4.7 3.1 -0.6 3.0 3.7
I -1.3 1.1 2.4 3.4 -2.3 r 4.8 5.1 2.3 4.0 10.8
2022 ANNUAL -0.1 4.1 4.2 4.1 -3.7 4.1 7.4 15.1 7.4 7.1
2022 IV -0.3 2.2 2.5 2.7 -4.2 3.0 6.2 10.5 5.3 10.9
III -0.2 4.1 4.3 3.8 -4.2 4.0 7.5 15.3 7.3 8.5
II -0.2 r 4.3 4.5 4.4 -3.9 4.7 8.2 20.8 9.4 3.2
I 0.6 r 6.0 5.4 5.7 r -2.3 r 5.0 7.6 14.5 7.8 6.1
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Indexes 2017=100
2024 III 116.7 r 123.8 r 106.1 r 139.6 r 108.6 r 119.6 r 124.0 110.3 r 116.6 r 173.7 r
II 116.0 r 122.9 106.0 r 139.1 r 108.6 r 120.0 123.9 109.5 116.5 173.3
I 115.6 r 122.1 105.6 r 138.8 r 109.1 r 120.0 123.5 110.5 116.9 167.3
2023 ANNUAL 111.8 r 118.3 105.8 r 132.3 r 106.1 r 118.3 122.5 109.7 115.5 169.5
2023 IV 113.8 r 120.2 105.6 r 134.8 r 106.9 r 118.4 123.5 108.9 115.3 178.2
III 112.1 r 118.5 105.7 r 133.3 r 106.5 r 118.9 123.1 109.5 115.8 171.7
II 111.3 r 117.6 105.7 r 131.7 r 106.1 r 118.3 122.0 109.9 115.6 165.1
I 110.4 r 116.9 105.9 r 129.8 r 105.3 r 117.5 121.4 110.6 115.3 162.7
2022 ANNUAL 111.6 r 116.6 104.5 r 126.9 r 105.9 r 113.7 118.4 110.1 112.5 157.9
2022 IV 111.2 r 117.1 105.3 r 128.0 r 104.8 r 115.1 120.2 111.1 113.8 163.4
III 111.8 r 117.5 105.1 r 128.0 r 105.8 r 114.4 119.5 110.6 113.2 161.9
II 111.5 r 116.2 104.2 r 126.0 r 105.6 r 113.0 118.3 110.5 112.2 159.2
I 111.9 r 115.7 103.4 r 125.5 r 107.7 r 112.2 115.5 108.1 110.9 146.9
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See footnotes following Table 6. March 6, 2025
r=revised Source: Bureau of Labor Statistics
Last Modified Date: March 06, 2025
United States Department of Labor
