Tuesday, August 9, 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_08092022.pdf. Highlights are below.

Productivity decreases 4.6% in Q2 2022; unit labor costs increase 10.8% (annual rates)

08/09/2022

Productivity decreased 4.6 percent in the nonfarm business sector in the second quarter of 2022; unit labor costs increased 10.8 percent (seasonally adjusted annual rates). In manufacturing, productivity increased 5.5 percent and unit labor costs decreased 0.5 percent.

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