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_08032023.pdf. Highlights are below. Productivity increases 3.7% in Q2 2023; unit labor costs increase 1.6% (annual rates) 08/03/2023 Productivity increased 3.7 percent in the nonfarm business sector in the second quarter of 2023; unit labor costs increased 1.6 percent (seasonally adjusted annual rates). In manufacturing, productivity increased 4.0 percent and unit labor costs increased 3.6 percent. HTML | PDF | RSS | Charts

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