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Nonfarm business labor productivity up 1.7 percent in 4th quarter 2022
March 06, 2023
Nonfarm business labor productivity increased 1.7 percent in the fourth quarter of 2022, as output increased 3.1 percent and hours worked increased 1.4 percent. The fourth quarter of 2022 is the second consecutive quarter in which both output and labor productivity increased, following decreases in the first two quarters of the year.
Nonfarm business labor productivity and costs, percent change from previous quarter at annual rate, first quarter 2020–fourth quarter 2022
Quarter
Labor productivity
Output
Hours worked
Hourly compensation
Real hourly compensation
Unit labor costs
Q1 2020
-0.5%
-6.7%
-6.2%
10.2%
8.8%
10.8%
Q2 2020
17.3
-35.0
-44.6
25.7
30.0
7.2
Q3 2020
6.5
47.2
38.2
-6.4
-10.6
-12.1
Q4 2020
-3.5
5.3
9.2
10.0
7.6
14.0
Q1 2021
3.4
8.5
4.9
-0.9
-4.8
-4.2
Q2 2021
2.4
8.9
6.4
6.9
-1.1
4.4
Q3 2021
-3.0
2.7
5.9
5.9
-0.8
9.1
Q4 2021
3.0
9.1
6.0
6.7
-1.1
3.7
Q1 2022
-6.1
-2.5
3.9
1.9
-6.0
8.5
Q2 2022
-3.8
-1.2
2.6
2.6
-6.4
6.6
Q3 2022
1.2
3.6
2.4
8.2
2.5
6.9
Q4 2022
1.7
3.1
1.4
4.9
0.7
3.2
Unit labor costs in the nonfarm business sector increased 3.2 percent in the fourth quarter of 2022, reflecting a 4.9-percent increase in hourly compensation and a 1.7-percent increase in productivity.
United States Department of Labor
