Thursday, June 3, 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_06032021.pdf. Highlights are below.

Productivity increases 5.4% in Q1 2021; unit labor costs increase 1.7% (annual rates)

06/03/2021

Productivity increased 5.4 percent in the nonfarm business sector in the first quarter of 2021; unit labor costs increased 1.7 percent (seasonally adjusted annual rates). In manufacturing, productivity decreased 1.7 percent and unit labor costs increased 10.7 percent.

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