Table 1. Business sector: Labor productivity, hourly compensation, unit labor costs, and prices, seasonally adjusted
Table 1. Business sector: Labor productivity, hourly compensation, unit labor costs, and prices,
seasonally adjusted.
Value-
Real added
Hourly hourly Unit output
Year Labor compen- compen- Unit nonlabor price
and produc- Hours sation sation labor payments deflator
quarter tivity Output worked (1) (2) costs (3) (4)
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Percent change from previous quarter at annual rate (5)
2024 ANNUAL 2.8 r 2.9 0.2 r 5.1 r 2.1 r 2.3 r 1.4 r 1.9 r
2024 IV 2.0 r 2.4 r 0.3 r 4.4 r 1.3 r 2.3 r 1.8 r 2.0 r
III 2.3 r 3.5 1.2 r 0.9 r -0.5 r -1.4 r 4.8 r 1.4
II 2.2 3.3 1.0 1.1 r -1.6 r -1.1 r 6.4 r 2.2
I 1.7 r 1.4 -0.3 r 10.0 r 6.0 r 8.2 r -4.5 r 2.2
2023 ANNUAL 1.9 r 2.9 1.0 r 4.1 r 0.0 r 2.2 4.9 3.4
2023 IV 3.6 r 3.4 -0.2 r 4.8 r 2.1 r 1.2 r 0.3 r 0.8
III 4.7 r 4.9 0.2 r 5.9 r 2.4 r 1.2 r 4.8 r 2.8
II 3.3 r 2.5 -0.7 r 6.1 r 3.0 r 2.7 r -0.3 r 1.3
I 0.7 r 2.5 1.8 r 3.8 0.0 3.1 r 4.4 r 3.7
2022 ANNUAL -1.4 2.5 3.9 3.7 -4.1 5.2 11.6 8.0
2022 IV 3.0 r 3.7 0.7 r 0.7 r -3.2 -2.2 r 11.1 r 3.6
III 0.1 r 2.6 2.5 r 7.5 r 2.0 r 7.3 0.7 4.3
II -3.1 r -0.4 2.8 r 0.7 r -8.5 r 3.9 20.1 10.9
I -5.3 r -2.1 3.4 r 1.4 -7.2 7.1 r 13.1 r 9.7
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Percent change from corresponding quarter of previous year
2024 ANNUAL 2.8 r 2.9 0.2 r 5.1 r 2.1 r 2.3 r 1.4 r 1.9 r
2024 IV 2.1 r 2.6 0.5 r 4.0 r 1.2 r 1.9 r 2.0 r 2.0 r
III 2.5 r 2.9 0.4 r 4.1 r 1.4 r 1.6 r 1.7 r 1.7
II 3.0 r 3.2 0.2 r 5.4 r 2.2 r 2.3 1.7 2.0
I 3.3 r 3.0 -0.2 r 6.7 r 3.3 r 3.3 r 0.0 r 1.8
2023 ANNUAL 1.9 r 2.9 1.0 r 4.1 r 0.0 r 2.2 4.9 3.4
2023 IV 3.1 r 3.3 0.3 r 5.2 r 1.9 r 2.0 2.3 2.1
III 2.9 r 3.4 0.5 r 4.1 r 0.5 r 1.2 4.9 2.9
II 1.8 r 2.8 1.0 r 4.5 r 0.4 2.7 r 3.9 3.2
I 0.2 r 2.1 1.9 3.1 r -2.5 3.0 8.8 5.6
2022 ANNUAL -1.4 2.5 3.9 3.7 -4.1 5.2 11.6 8.0
2022 IV -1.4 r 0.9 2.3 2.5 -4.3 4.0 r 11.0 r 7.1
III -1.3 r 2.2 3.6 3.9 -4.1 5.3 12.0 r 8.2
II -1.8 2.4 4.3 r 3.5 -4.7 5.5 13.1 8.8
I -1.0 4.4 5.4 r 5.1 r -2.9 6.1 10.3 7.9
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Indexes 2017=100
2024 ANNUAL 115.0 r 121.0 r 105.3 r 138.5 r 107.9 r 120.4 r 128.8 r 124.1 r
2024 IV 116.0 r 122.3 r 105.5 r 139.8 r 108.0 r 120.6 r 130.5 r 124.9 r
III 115.4 r 121.6 105.4 r 138.4 r 107.6 r 119.9 r 129.9 r 124.3
II 114.7 r 120.6 105.1 r 138.1 r 107.8 r 120.4 r 128.4 r 123.9
I 114.1 r 119.6 104.9 r 137.7 r 108.2 r 120.7 r 126.4 r 123.2
2023 ANNUAL 111.9 r 117.6 105.1 r 131.7 r 105.6 r 117.7 r 127.1 r 121.8
2023 IV 113.6 r 119.2 104.9 r 134.5 r 106.6 r 118.4 r 127.8 r 122.5
III 112.6 r 118.2 105.0 r 132.9 r 106.1 r 118.0 r 127.7 r 122.3
II 111.3 r 116.8 104.9 r 131.0 r 105.5 r 117.7 r 126.2 r 121.4
I 110.4 r 116.1 105.1 r 129.1 r 104.7 r 116.9 r 126.4 r 121.0
2022 ANNUAL 109.8 r 114.3 104.0 r 126.5 r 105.6 r 115.2 r 121.1 r 117.8
2022 IV 110.2 r 115.4 104.7 r 127.9 r 104.7 r 116.0 r 125.0 r 119.9
III 109.4 r 114.3 104.5 r 127.6 r 105.5 r 116.6 r 121.7 r 118.9
II 109.4 r 113.6 103.8 r 125.3 r 105.0 r 114.6 r 121.5 r 117.6
I 110.3 r 113.7 103.1 r 125.1 r 107.4 r 113.5 r 116.1 r 114.6
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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
