Thursday, March 4, 2021

Productivity and Costs News Release

Bureau of Labor Statistics
The latest Productivity and Costs news release has been posted on the BLS website at https://www.bls.gov/news.release/pdf/prod2.pdf and also archived at https://www.bls.gov/news.release/archives/prod2_03042021.pdf. Highlights are below.

Productivity decreases 4.2% in Q4 2020; unit labor costs increase 6.0% (annual rates)

03/04/2021

Productivity decreased 4.2 percent in the nonfarm business sector in the fourth quarter of 2020; unit labor costs increased 6.0 percent (seasonally adjusted annual rates). In manufacturing, productivity increased 5.0 percent and unit labor costs decreased 8.8 percent.

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