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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 II 0.4 2.3 1.9 4.3 1.4 3.9 I 0.5 r -0.3 r -0.8 r 5.1 1.2 r 4.5 r 2023 ANNUAL -1.1 r 0.2 r 1.3 4.8 0.7 6.0 r 2023 IV 0.0 r -3.0 r -3.0 2.3 -0.4 2.3 r III -3.5 r -0.1 r 3.5 7.9 4.3 11.8 r II 4.4 r 1.8 r -2.5 7.8 4.6 3.3 r I -2.4 r -0.4 r 2.1 5.9 2.1 8.6 r 2022 ANNUAL -1.3 r 3.3 r 4.7 2.5 -5.2 3.8 r 2022 IV -2.2 r -2.4 r -0.1 -0.6 -4.5 1.6 r III -3.1 r 1.9 r 5.1 7.3 1.9 10.7 r II 2.2 r 5.4 3.2 2.7 -6.7 0.5 r I -2.9 r 4.4 r 7.6 -0.5 -9.0 2.5 r --------------------------------------------------------------------------------------------------- Percent change from corresponding quarter of previous year 2024 II -0.7 -0.3 0.4 4.9 1.6 5.6 I 0.3 r -0.4 r -0.7 5.7 2.4 5.4 r 2023 ANNUAL -1.1 r 0.2 r 1.3 4.8 0.7 6.0 r 2023 IV -0.4 r -0.4 r 0.0 6.0 2.6 6.4 r III -1.0 r -0.3 r 0.7 5.2 1.6 6.2 r II -0.9 r 0.2 r 1.1 5.0 1.0 6.0 r I -1.4 r 1.1 r 2.5 3.8 -1.9 5.3 r 2022 ANNUAL -1.3 r 3.3 r 4.7 2.5 -5.2 3.8 r 2022 IV -1.5 r 2.3 r 3.9 2.2 -4.7 3.8 r III -0.9 r 4.3 r 5.3 4.6 -3.5 5.5 r II -0.7 r 4.5 r 5.2 0.9 -7.2 1.6 r I -2.2 r 2.3 r 4.5 2.2 -5.5 4.5 r --------------------------------------------------------------------------------------------------- Indexes 2017=100 2024 II 95.9 97.9 102.0 129.2 100.8 134.6 I 95.8 r 97.3 r 101.5 r 127.8 r 100.4 r 133.4 r 2023 ANNUAL 95.9 r 97.8 r 102.1 123.9 99.4 129.3 r 2023 IV 95.7 r 97.4 r 101.8 126.2 100.1 131.9 r III 95.7 r 98.1 r 102.5 125.5 100.2 131.1 r II 96.6 r 98.1 r 101.6 123.2 99.2 127.5 r I 95.5 r 97.7 r 102.3 120.9 98.1 126.5 r 2022 ANNUAL 96.9 r 97.7 r 100.8 118.2 98.7 122.0 r 2022 IV 96.1 r 97.8 r 101.7 119.1 97.6 123.9 r III 96.7 r 98.4 r 101.8 119.3 98.7 123.4 r II 97.4 r 97.9 r 100.5 117.2 98.2 120.3 r I 96.9 r 96.7 r 99.7 116.4 99.9 120.2 r --------------------------------------------------------------------------------------------------- See footnotes following Table 6. August 1, 2024 r=revised Source: Bureau of Labor Statistics