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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 --------------------------------------------------------------------------------------------------- Percent change from previous quarter at annual rate (5) 2024 I 1.0 r 0.1 r -0.9 r 5.1 r 1.3 r 4.1 r 2023 ANNUAL -1.0 0.3 1.3 4.8 r 0.7 r 5.9 r 2023 IV 0.2 r -2.8 r -3.0 2.3 r -0.4 r 2.1 r III -2.6 0.8 3.5 7.9 4.3 10.8 II 6.5 3.9 -2.5 7.8 4.6 1.2 I -3.8 -1.8 2.1 5.9 2.1 10.1 2022 ANNUAL -1.0 3.6 4.7 2.5 -5.2 3.6 2022 IV -2.5 -2.7 -0.1 -0.6 -4.5 1.9 III -3.0 2.0 5.1 7.3 1.9 10.6 II 2.1 5.4 3.2 2.7 -6.7 0.6 I -1.8 5.6 7.6 -0.5 -9.0 1.3 --------------------------------------------------------------------------------------------------- Percent change from corresponding quarter of previous year 2024 I 1.2 r 0.5 r -0.7 5.7 r 2.4 r 4.5 r 2023 ANNUAL -1.0 0.3 1.3 4.8 r 0.7 r 5.9 r 2023 IV 0.0 r 0.0 r 0.0 6.0 r 2.6 r 6.0 r III -0.7 0.0 0.7 5.2 1.6 5.9 II -0.8 0.3 1.1 5.0 1.0 5.9 I -1.8 0.7 2.5 3.8 -1.9 5.7 2022 ANNUAL -1.0 3.6 4.7 2.5 -5.2 3.6 2022 IV -1.3 2.5 3.9 2.2 -4.7 3.5 III -0.7 4.5 5.3 4.6 -3.5 5.3 II -0.5 4.7 5.2 0.9 -7.2 1.4 I -1.9 2.6 4.5 2.2 -5.5 4.2 --------------------------------------------------------------------------------------------------- Indexes 2017=100 2024 I 96.6 r 98.0 r 101.5 r 127.8 r 100.4 r 132.4 r 2023 ANNUAL 96.2 r 98.2 r 102.1 123.9 r 99.4 r 128.8 r 2023 IV 96.3 r 98.0 r 101.8 126.2 r 100.1 r 131.0 r III 96.3 98.7 102.5 125.5 100.2 130.4 II 96.9 98.5 101.6 123.2 99.2 127.1 I 95.4 97.6 102.3 120.9 98.1 126.7 2022 ANNUAL 97.2 97.9 100.8 118.2 98.7 121.7 2022 IV 96.3 98.0 101.7 119.1 97.6 123.7 III 96.9 98.7 101.8 119.3 98.7 123.1 II 97.7 98.2 100.5 117.2 98.2 120.0 I 97.2 96.9 99.7 116.4 99.9 119.9 --------------------------------------------------------------------------------------------------- See footnotes following Table 6. June 6, 2024 r=revised Source: Bureau of Labor Statistics