Thursday, November 7, 2024

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_11072024.pdf. Highlights are below.

Productivity increases 2.2% in Q3 2024; unit labor costs increase 1.9% (annual rates)

11/07/2024

Productivity increased 2.2 percent in the nonfarm business sector in the third quarter of 2024; unit labor costs increased 1.9 percent (seasonally adjusted annual rates). In manufacturing, productivity increased 1.0 percent and unit labor costs increased 5.3 percent.

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