Thursday, March 3, 2022

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_03032022.pdf. Highlights are below.

Productivity increases 6.6% in Q4 2021; unit labor costs increase 0.9% (annual rates)

03/03/2022

Productivity increased 6.6 percent in the nonfarm business sector in the fourth quarter of 2021; unit labor costs increased 0.9 percent (seasonally adjusted annual rates). Annual nonfarm business sector productivity grew 1.9 percent in 2021.

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