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_06012023.pdf. Highlights are below. Productivity decreases 2.1% in Q1 2023; unit labor costs increase 4.2% (annual rates) 06/01/2023 Productivity decreased 2.1 percent in the nonfarm business sector in the first quarter of 2023; unit labor costs increased 4.2 percent (seasonally adjusted annual rates). In manufacturing, productivity decreased 2.5 percent and unit labor costs increased 3.1 percent. HTML | PDF | RSS | Charts

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