An official website of the United States government
Table 3. 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 0.0 r -0.2 r -0.2 3.1 r -0.6 r 3.1 r 2023 ANNUAL -0.7 r -0.5 0.1 4.9 r 0.8 r 5.6 r 2023 IV 2.3 r -1.1 r -3.3 3.1 r 0.4 r 0.7 r III -1.2 -0.6 0.6 7.5 3.9 8.9 II 3.5 1.1 -2.4 7.6 4.4 3.9 I -1.2 -0.4 0.8 5.0 1.2 6.3 2022 ANNUAL -1.2 2.8 4.0 3.6 -4.2 4.8 2022 IV -2.7 -3.6 -0.9 1.2 -2.8 4.0 III -3.2 0.4 3.7 7.6 2.2 11.1 II 0.9 3.0 2.1 2.3 -7.1 1.4 I -2.3 3.1 5.6 1.9 -6.7 4.3 --------------------------------------------------------------------------------------------------- Percent change from corresponding quarter of previous year 2024 I 1.1 r -0.2 r -1.3 5.3 r 2.0 r 4.1 r 2023 ANNUAL -0.7 r -0.5 0.1 4.9 r 0.8 r 5.6 r 2023 IV 0.8 r -0.3 r -1.1 5.8 r 2.5 r 4.9 r III -0.4 -0.9 -0.5 5.3 1.7 5.7 II -0.9 -0.7 0.3 5.3 1.2 6.3 I -1.6 -0.2 1.4 4.0 -1.7 5.7 2022 ANNUAL -1.2 2.8 4.0 3.6 -4.2 4.8 2022 IV -1.8 0.7 2.6 3.2 -3.7 5.2 III -1.6 2.8 4.5 4.9 -3.2 6.6 II -1.2 3.6 4.8 2.6 -5.6 3.8 I -0.2 4.3 4.5 3.4 -4.4 3.6 --------------------------------------------------------------------------------------------------- Indexes 2017=100 2024 I 98.7 r 99.5 r 100.8 r 127.8 r 100.4 r 129.4 r 2023 ANNUAL 98.3 r 99.8 r 101.6 124.4 r 99.8 r 126.6 r 2023 IV 98.7 r 99.6 r 100.9 126.8 r 100.6 r 128.4 r III 98.2 99.9 101.7 125.9 100.5 128.2 II 98.5 100.0 101.6 123.6 99.5 125.5 I 97.6 99.7 102.2 121.4 98.5 124.3 2022 ANNUAL 98.9 100.3 101.4 118.5 99.0 119.9 2022 IV 97.9 99.8 102.0 119.9 98.2 122.4 III 98.6 100.8 102.2 119.5 98.9 121.2 II 99.4 100.7 101.3 117.4 98.3 118.1 I 99.2 99.9 100.8 116.7 100.1 117.7 --------------------------------------------------------------------------------------------------- See footnotes following Table 6. June 6, 2024 r=revised Source: Bureau of Labor Statistics