Transmission of material in this release is embargoed until USDL 22-1081 

8:30 a.m. (ET) Thursday, June 2, 2022 

Technical information: (202) 691-5606 • Productivity@bls.gov • www.bls.gov/productivity 

Media contact: (202) 691-5902 • PressOffice@bls.gov 

PRODUCTIVITY AND COSTS 

First Quarter 2022, Revised

Nonfarm business sector labor productivity decreased 7.3 percent in the first quarter of 2022, the U.S. 

Bureau of Labor Statistics reported today, as output decreased 2.3 percent and hours worked increased 

5.4 percent. This is the largest decline in quarterly productivity since the third quarter of 1947, when the 

measure decreased 11.7 percent. (All quarterly percent changes in this release are seasonally adjusted 

annual rates.) From the same quarter a year ago, nonfarm business sector labor productivity decreased 

0.6 percent, reflecting a 4.2-percent increase in output that was outpaced by a 4.8-percent increase in 

hours worked. (See chart 1 and table A1.) This is the largest four-quarter decline since the fourth quarter 

of 1993, when the measure also declined 0.6 percent. 

Unit labor costs in the nonfarm business sector increased 12.6 percent in the first quarter of 2022, 

reflecting a 4.4-percent increase in hourly compensation and a 7.3-percent decrease in productivity. Unit 

labor costs increased 8.2 percent over the last four quarters. (See chart 2 and tables A1 and 2.) This is 

the largest four-quarter increase in this measure since another 8.2-percent increase in the third quarter of 

1982. BLS calculates unit labor costs as the ratio of hourly compensation to labor productivity. Increases 

in hourly compensation tend to increase unit labor costs and increases in productivity tend to reduce 

them. 

Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of 

hours worked by all persons, including employees, proprietors, and unpaid family workers. With the 5.4 

percent increase to hours worked in the first quarter of 2022, this marks the first quarter that both the 

output and hours worked measures have surpassed their levels in the fourth quarter of 2019, the last 
-2-

quarter not affected by the COVID-19 pandemic. The first-quarter 2022 output index is 3.5 percent 

above the level seen in the fourth quarter of 2019, and the hours worked index is now 0.8 percent above 

its fourth quarter 2019 level. The labor productivity index is 2.6 percent higher in first-quarter 2022 than 

in fourth-quarter 2019, corresponding to an annual labor productivity growth rate of 1.2 percent during 

that period. (See chart 3.) 

Manufacturing sector labor productivity increased 0.2 percent in the first quarter of 2022, as output 

increased 5.1 percent and hours worked increased 4.9 percent. In the durable manufacturing sector, 

productivity increased 0.9 percent, with a 6.9-percent increase in output and a 6.0-percent increase in 

hours worked. Nondurable manufacturing sector productivity saw no change, as both output and hours 

worked increased 3.2 percent. Total manufacturing sector productivity increased 1.5 percent from the 

same quarter a year ago. (See tables A1, 3, 4, and 5.) 
-3-

Manufacturing sector output is now 3.1 percent above its level in the fourth quarter of 2019, the last 

quarter not affected by the COVID-19 pandemic. Hours worked in manufacturing remain 1.0 percent 

below the fourth-quarter 2019 level. The manufacturing labor productivity index is 4.2 percent higher in 

first-quarter 2022 than in fourth-quarter 2019, corresponding to an annual labor productivity growth rate 

of 1.8 percent during that period. (See chart 4.) 

Unit labor costs in the total manufacturing sector increased 5.7 percent in the first quarter of 2022, 

reflecting a 5.9-percent increase in hourly compensation and a 0.2-percent increase in productivity. 

Manufacturing unit labor costs increased 4.8 percent from the same quarter a year ago. (See tables A1 

and 3.) 

The concepts, sources, and methods used for the manufacturing output series differ from those used in 

the business and nonfarm business output series; these output measures are not directly comparable. See 

the Technical Notes for a more detailed explanation. (See page 7.) 

Preliminary first-quarter 2022 measures were announced today for the nonfinancial corporate sector. 

Productivity decreased 5.0 percent in the first quarter of 2022 as output increased 0.7 percent and hours 

worked increased 6.0 percent. Productivity decreased 0.2 percent over the last four quarters. Though unit 

profits of nonfinancial corporations decreased at a 5.1 percent annual rate in the first quarter of 2022, the 

measure increased 9.9 percent over the last four quarters. (See table 6.) 

Revised measures 

Measures released today are based on more recent source data than were available for the preliminary 

report. Regular updates of source data from the BLS, the Bureau of Economic Analysis (BEA), and the 

Board of Governors of the Federal Reserve System are reflected in data for the fourth quarter of 2021 

and the first quarter of 2022. 

Table B1 presents previous and revised productivity and related measures for the business, nonfarm 

business, and manufacturing sectors for the first quarter of 2022. 
-4-

In the first quarter of 2022, nonfarm business sector productivity decreased 7.3 percent, a slightly 

smaller decline than the previously reported decrease of 7.5 percent. Output was revised up 0.1 

percentage point and hours worked was revised down 0.1 percentage point. Unit labor costs increased 

12.6 percent rather than increasing 11.6 percent as previously reported, reflecting a 1.2-percentage point 

upward revision to hourly compensation and a 0.2-percentage point upward revision to labor 

productivity. In the manufacturing sector, productivity was revised down from a 0.7-percent increase to 

a 0.2-percent increase, reflecting a 0.6-percentage point downward revision to output and a 0.2-

percentage point downward revision to hours worked. Manufacturing unit labor costs increased 5.7 

percent rather than the preliminary estimate of 2.1 percent, the combined effect of a 3.1-percentage point 

upward revision to hourly compensation and a 0.5-percentage point downward revision to productivity. 

Table B2 shows previous and revised productivity and related measures for the business, nonfarm 

business, manufacturing, and nonfinancial corporate sectors for the fourth quarter of 2021. 

In the fourth quarter of 2021, labor productivity in the nonfarm business sector increased at the same 

6.3-percent rate reported last month. Hourly compensation was revised up from the previously reported 

increase of 7.4 percent to an increase of 10.5 percent. As a result, unit labor costs increased 3.9 percent 

in the fourth quarter of 2021, rather than increasing 1.0 percent. Total manufacturing sector productivity, 

output, and hours worked were all unrevised in the fourth quarter of 2021. Hourly compensation was 

revised up 8.5 percentage points to a 9.6-percent increase; this led to an 8.6-percentage point upward 

revision to unit labor costs, from an increase of 1.7 percent to an increase of 10.3 percent. 

In the nonfinancial corporate sector, productivity rose 1.1 percent in the fourth quarter of 2021 rather 

than 0.0 percent as previously reported, due to a 1.1-percentange point upward revision to output. Hours 

worked were unrevised. Annual average productivity in the nonfinancial corporate sector increased 4.6 

percent in 2021, rather than the preliminary estimate of 4.5 percent. 

Complete quarterly and annual data series can be found on the Productivity and Costs home page: 

www.bls.gov/productivity/data-overview.htm. 

______________ 

The preliminary Productivity and Costs news release for second-quarter 2022 is scheduled to be 

released on Tuesday, August 9, 2022 at 8:30 a.m. (ET). 
-5- 

 

Table A1. Labor productivity growth and related measures - revised first-quarter 2022 

(percent change from previous quarter at annual rate and from same quarter a year ago) 

Sector Percent change from: 

Labor 

productivity Output

Hours 

worked 

Hourly 

compensation 

Real hourly 

compensation 

Unit labor 

costs 

Nonfarm business Previous quarter -7.3 -2.3 5.4 4.4 -4.4 12.6 

A year ago -0.6 4.2 4.8 7.6 -0.4 8.2 

Business Previous quarter -7.6 -2.4 5.6 4.1 -4.6 12.7 

A year ago -0.6 4.0 4.6 7.7 -0.2 8.4 

Manufacturing Previous quarter 0.2 5.1 4.9 5.9 -3.0 5.7 

A year ago 1.5 5.0 3.4 6.4 -1.5 4.8 

Durable 

manufacturing 

Previous quarter 0.9 6.9 6.0 6.0 -2.9 5.1 

A year ago 2.0 5.0 2.9 5.1 -2.6 3.1 

Nondurable 

manufacturing

Previous quarter 0.0 3.2 3.2 5.5 -3.3 5.5 

A year ago 0.8 5.1 4.3 8.8 0.8 8.0 

Table A2. Labor productivity growth and related measures - preliminary first-quarter 2022 

(percent change from previous quarter at annual rate and from same quarter a year ago) 

Sector Percent change from: 

Labor 

productivity Output

Hours 

worked 

Hourly 

compensation 

Real hourly 

compensation 

Unit labor 

costs 

Nonfinancial 

corporate 

Previous quarter -5.0 0.7 6.0 4.2 -4.6 9.7 

A year ago -0.2 4.5 4.7 8.1 0.1 8.3 

Table B1. Labor productivity growth and related measures - revised and previously published first-quarter 2022 

(percent change from previous quarter at annual rate) 

Sector 

Labor 

productivity Output

Hours 

worked 

Hourly 

compensation 

Real hourly 

compensation 

Unit labor 

costs 

Nonfarm business Revised -7.3 -2.3 5.4 4.4 -4.4 12.6 

Previously published -7.5 -2.4 5.5 3.2 -5.5 11.6 

Business Revised -7.6 -2.4 5.6 4.1 -4.6 12.7 

Previously published -7.7 -2.3 5.8 3.0 -5.7 11.6 

Manufacturing Revised 0.2 5.1 4.9 5.9 -3.0 5.7 

Previously published 0.7 5.7 5.1 2.8 -5.9 2.1 

Durable 

manufacturing 

Revised 0.9 6.9 6.0 6.0 -2.9 5.1 

Previously published 1.4 7.9 6.4 1.9 -6.7 0.5 

Nondurable 

manufacturing

Revised 0.0 3.2 3.2 5.5 -3.3 5.5 

Previously published 0.5 3.4 2.9 4.2 -4.5 3.7 
-6- 

Table B2. Labor productivity growth and related measures - revised and previously published fourth-quarter 2021 

(percent change from previous quarter at annual rate) 

Sector 

Labor 

productivity Output

Hours 

worked 

Hourly 

compensation 

Real hourly 

compensation 

Unit labor 

costs 

Nonfarm business Revised 6.3 9.0 2.5 10.5 2.4 3.9 

Previously published 6.3 9.0 2.5 7.4 -0.5 1.0 

Business Revised 6.3 8.9 2.4 10.7 2.6 4.1 

Previously published 6.3 8.9 2.4 7.6 -0.3 1.2 

Manufacturing Revised -0.6 5.4 6.1 9.6 1.6 10.3 

Previously published -0.6 5.4 6.1 1.1 -6.4 1.7 

Durable 

manufacturing 

Revised 1.8 6.2 4.3 10.3 2.2 8.3 

Previously published 1.8 6.2 4.3 -0.9 -8.2 -2.7 

Nondurable 

manufacturing 

Revised -4.1 4.5 9.0 8.7 0.7 13.4 

Previously published -4.1 4.5 9.0 5.0 -2.7 9.5 

Nonfinancial 

corporate 

Revised 1.1 5.0 3.9 9.8 1.8 8.7 

Previously published 0.0 3.9 3.9 8.0 0.1 8.0 

 
-7- 

TECHNICAL NOTES

Labor Hours 

Hours worked data for the labor productivity and cost measures include hours worked for all persons 

working in the sector—wage and salary workers, the self-employed and unpaid family workers. The 

primary source of hours and employment data is the BLS Current Employment Statistics (CES) 

program, which provides monthly survey data on the number of jobs held by wage and salary workers in 

nonfarm establishments, counting a person who is employed by two or more establishments at each 

place of employment. The CES also provides average weekly paid hours of production and 

nonsupervisory workers in these establishments. Weekly paid hours are adjusted to hours worked using 

data from the National Compensation Survey (NCS) for 1996 forward and data from the BLS Hours at 

Work survey, conducted for this purpose, prior to 1990. Between 1990 and 1995, weekly paid hours are 

adjusted to hours at work using a combination of NCS and Hours at Work survey data. The Office of 

Productivity and Technology estimates average weekly hours at work for nonproduction and supervisory 

workers using information from the Current Population Survey (CPS), the CES, and the NCS. 

Data from the CPS are used to estimate hours worked for farm labor, nonfarm proprietors, and nonfarm 

unpaid family workers. Using CPS information on employment and hours worked at primary jobs and 

all other jobs, separately, the BLS productivity measures assign all hours worked to the appropriate 

industrial sector. Hours for government enterprises are derived from the CPS, the CES, and the National 

Income and Product Accounts (NIPA) prepared by the Bureau of Economic Analysis (BEA) of the 

Department of Commerce. 

Detailed hours data are presented in the table “Hours Worked in Total U.S. Economy and Subsectors” 

on the BLS website (www.bls.gov/productivity/tables/total-economy-hours-employment.xlsx). 

Output 

Business sector output is a chain-type, current-weighted index constructed after excluding from gross 

domestic product (GDP) the following outputs: general government, nonprofit institutions, and private 

households (including owner-occupied housing). Corresponding exclusions also are made in labor hours 

worked. Business output accounted for about 76 percent of the value of GDP in 2021. Nonfarm 

business, which excludes farming, accounted for about 75 percent of GDP in 2021. 

Annual indexes for manufacturing and its durable and nondurable goods components are constructed by 

deflating current-dollar industry value of production data from the U.S. Bureau of the Census with 

deflators from the BLS. These deflators are based on data from the BLS Producer Price Index program 

and other sources. The industry shipments are aggregated using annual weights, and intrasector 

transactions are removed. Quarterly manufacturing output measures are based on the indexes of 

industrial production prepared monthly by the Board of Governors of the Federal Reserve System, 

adjusted to be consistent with annual indexes of manufacturing sector output prepared by BLS. 

Nonfinancial corporate output is a chain-type, current-weighted index calculated on the basis of the 

costs incurred and the incomes earned from production. The output measure excludes the following 

outputs from GDP: general government; nonprofit institutions; private households; unincorporated 

business; and those corporations classified as offices of bank holding companies, offices of other 

holding companies, or offices in the finance and insurance sector. Nonfinancial corporations accounted 

for about 51 percent of the value of GDP in 2021. 
-8- 

Labor Productivity 

The measure describes the relationship between real output and the labor time involved in its production. 

Measures of labor productivity growth show the changes from period to period in the amount of goods 

and services produced per hour worked. They reflect the joint effects of many influences, including 

changes in technology; capital investment; level of output; utilization of capacity, energy, and materials; 

the organization of production; managerial skill; and the characteristics and effort of the work force. 

Labor Compensation 

The measure includes accrued wages and salaries, supplements, employer contributions to employee 

benefit plans, and taxes. Estimates of labor compensation by major sector, required for measures of 

hourly compensation and unit labor costs, are based primarily on employee compensation data from the 

NIPA, prepared by the BEA. The compensation of employees in general government, nonprofit 

institutions and private households are subtracted from compensation of employees in domestic 

industries to derive employee compensation for the business sector. The labor compensation of 

proprietors cannot be explicitly identified and must be estimated. This is done by assuming that 

proprietors have the same hourly compensation as employees in the same sector. The quarterly labor 

productivity and cost measures do not contain estimates of compensation for unpaid family workers. 

Unit Labor Costs 

These measures describe the relationship between compensation per hour and labor productivity, or real 

output per hour, and can be used as an indicator of inflationary pressure on producers. Increases in 

hourly compensation increase unit labor costs; labor productivity increases offset compensation 

increases and lower unit labor costs. 

Presentation of the data 

The quarterly data in this release are presented in three ways: as percent changes from the previous 

quarter presented at a compound annual rate, as percent changes from the corresponding quarter of the 

previous year, and as index number series where 2012=100. Annual data are presented both as index 

number series and percent changes from the previous year. 

The index numbers and rates of change reported in the productivity and costs news release are rounded 

to one decimal place. All percent changes in this release and on the BLS web site are calculated using 

index numbers to three decimal places. A complete historical series of these index numbers are available 

at the BLS web site, www.bls.gov/data/home.htm, or by contacting the BLS Division of Major Sector 

Productivity (Telephone 202-691-5606 or email productivity@bls.gov). 

For a more detailed explanation of methodology see the Handbook of Methods at 

www.bls.gov/opub/hom/msp/home.htm. 

If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access 

telecommunications relay services. 
 -9- 

 

Table 1. Business sector: Labor productivity, hourly compensation, unit labor costs, and prices, 

seasonally adjusted. 

 Real 

 Hourly hourly Unit Implicit 

Year Labor compen- compen- Unit nonlabor price 

and produc- Hours sation sation labor payments deflator 

quarter tivity Output worked (1) (2) costs (3) (4) 

--------------------------------------------------------------------------------------------------- 

 Percent change from previous quarter at annual rate (5) 

2022 I -7.6 r -2.4 r 5.6 r 4.1 r -4.6 r 12.7 r 3.7 r 8.9 

2021 ANNUAL 1.9 7.2 5.2 5.8 r 1.1 r 3.8 r 5.5 r 4.5 

2021 IV 6.3 8.9 2.4 10.7 r 2.6 r 4.1 r 12.5 r 7.5 

 III -3.7 1.8 5.7 6.7 0.0 10.8 -0.1 6.2 

 II 3.4 8.2 4.6 9.6 1.4 6.0 9.1 7.3 

 I 2.1 8.2 5.9 -0.4 -4.3 -2.5 17.2 5.1 

2020 ANNUAL 2.5 -4.2 -6.6 6.9 5.6 4.3 -4.8 0.4 

2020 IV -3.4 6.1 9.8 9.9 7.5 13.8 -13.7 1.6 

 III 7.3 44.7 34.9 -3.8 -8.2 -10.4 32.5 5.1 

 II 9.3 -36.8 -42.2 20.8 25.0 10.6 -23.1 -4.6 

 I -1.8 -6.8 -5.1 8.6 7.2 10.6 -12.8 0.0 

--------------------------------------------------------------------------------------------------- 

 Percent change from corresponding quarter of previous year 

2022 I -0.6 4.0 4.6 7.7 r -0.2 r 8.4 r 6.2 r 7.5 

2021 ANNUAL 1.9 7.2 5.2 5.8 r 1.1 r 3.8 r 5.5 r 4.5 

2021 IV 2.0 6.7 4.7 6.6 r -0.1 r 4.5 r 9.5 r 6.5 

 III -0.5 6.0 6.5 6.4 1.1 6.8 2.5 5.0 

 II 2.3 15.8 13.2 3.6 -1.1 1.3 10.0 4.7 

 I 3.7 1.2 -2.4 6.2 4.2 2.4 0.7 1.7 

2020 ANNUAL 2.5 -4.2 -6.6 6.9 5.6 4.3 -4.8 0.4 

2020 IV 2.7 -2.5 -5.0 8.5 7.2 5.7 -6.4 0.5 

 III 3.9 -3.5 -7.1 7.3 6.0 3.3 -3.3 0.4 

 II 2.4 -11.3 -13.4 8.4 7.9 5.9 -9.2 -0.6 

 I 1.0 0.3 -0.7 3.6 1.5 2.6 -0.6 1.2 

--------------------------------------------------------------------------------------------------- 

 Indexes 2012=100 

2022 I 111.3 r 126.5 r 113.7 r 141.9 r 114.3 r 127.6 r 112.7 r 121.1 r 

2021 ANNUAL 112.5 124.4 110.6 136.0 r 115.1 r 120.9 r 108.7 r 115.6 

2021 IV 113.5 127.3 112.2 140.5 r 115.7 r 123.8 r 111.7 r 118.5 

 III 111.8 124.6 111.5 137.0 115.0 122.6 108.4 116.4 

 II 112.8 124.1 110.0 134.8 115.0 119.5 108.5 114.6 

 I 111.9 121.6 108.7 131.7 114.6 117.7 106.1 112.6 

2020 ANNUAL 110.4 116.0 105.1 128.6 113.9 116.5 103.1 110.6 

2020 IV 111.3 119.3 107.2 131.9 115.8 118.5 102.0 111.3 

 III 112.3 117.5 104.7 128.8 113.8 114.7 105.8 110.8 

 II 110.3 107.2 97.2 130.1 116.2 117.9 98.6 109.5 

 I 107.9 120.2 111.4 124.1 109.9 115.0 105.3 110.8 

--------------------------------------------------------------------------------------------------- 

See footnotes following Table 6. June 2, 2022 

r=revised Source: Bureau of Labor Statistics 
 -10- 

 

Table 2. Nonfarm business sector: Labor productivity, hourly compensation, unit labor costs, and 

prices, seasonally adjusted. 

 Real 

 Hourly hourly Unit Implicit 

Year Labor compen- compen- Unit nonlabor price 

and produc- Hours sation sation labor payments deflator 

quarter tivity Output worked (1) (2) costs (3) (4) 

--------------------------------------------------------------------------------------------------- 

 Percent change from previous quarter at annual rate (5) 

2022 I -7.3 r -2.3 r 5.4 r 4.4 r -4.4 r 12.6 r 1.9 r 8.2 

2021 ANNUAL 1.9 7.4 5.4 5.6 r 0.9 r 3.7 r 4.6 r 4.0 

2021 IV 6.3 9.0 2.5 10.5 r 2.4 r 3.9 r 13.7 r 7.8 

 III -3.9 2.0 6.2 6.3 -0.4 10.6 -0.4 6.0 

 II 3.2 8.5 5.1 9.2 1.1 5.8 6.6 6.1 

 I 2.2 8.4 6.1 -0.6 -4.5 -2.7 16.5 4.6 

2020 ANNUAL 2.4 -4.4 -6.7 7.0 5.7 4.5 -4.9 0.4 

2020 IV -2.8 6.2 9.2 10.6 8.2 13.8 -15.3 0.9 

 III 6.2 44.6 36.2 -4.7 -9.1 -10.3 31.3 4.7 

 II 10.3 -36.9 -42.7 21.6 25.8 10.3 -21.6 -3.9 

 I -2.5 -7.4 -5.0 8.7 7.3 11.5 -13.4 0.2 

--------------------------------------------------------------------------------------------------- 

 Percent change from corresponding quarter of previous year 

2022 I -0.6 4.2 4.8 7.6 r -0.4 r 8.2 r 5.3 r 7.0 

2021 ANNUAL 1.9 7.4 5.4 5.6 r 0.9 r 3.7 r 4.6 r 4.0 

2021 IV 1.9 6.9 4.9 6.3 r -0.4 r 4.3 r 8.9 r 6.1 

 III -0.4 6.2 6.6 6.3 1.0 6.7 1.2 4.4 

 II 2.2 15.9 13.5 3.4 -1.3 1.2 8.4 4.1 

 I 3.9 1.3 -2.5 6.2 4.3 2.3 0.4 1.5 

2020 ANNUAL 2.4 -4.4 -6.7 7.0 5.7 4.5 -4.9 0.4 

2020 IV 2.7 -2.7 -5.2 8.6 7.3 5.8 -6.8 0.4 

 III 3.7 -3.7 -7.1 7.3 6.0 3.4 -3.3 0.5 

 II 2.5 -11.5 -13.6 8.7 8.2 6.0 -9.0 -0.4 

 I 0.9 0.2 -0.7 3.7 1.6 2.7 -0.8 1.2 

--------------------------------------------------------------------------------------------------- 

 Indexes 2012=100 

2022 I 111.0 r 126.4 r 113.9 r 142.1 r 114.4 r 127.9 r 112.1 r 121.0 r 

2021 ANNUAL 112.2 124.2 110.7 136.2 r 115.2 r 121.4 r 108.6 r 115.8 

2021 IV 113.2 127.2 112.4 140.6 r 115.7 r 124.2 r 111.5 r 118.7 

 III 111.4 124.5 111.7 137.1 115.0 123.0 108.0 116.5 

 II 112.6 123.9 110.0 135.0 115.2 119.9 108.1 114.8 

 I 111.7 121.4 108.7 132.1 114.8 118.3 106.4 113.1 

2020 ANNUAL 110.1 115.7 105.1 128.9 114.1 117.1 103.8 111.3 

2020 IV 111.1 118.9 107.1 132.2 116.2 119.1 102.4 111.8 

 III 111.8 117.2 104.8 129.0 113.9 115.3 106.8 111.6 

 II 110.2 106.9 97.0 130.5 116.7 118.5 99.8 110.3 

 I 107.5 119.9 111.5 124.3 110.2 115.6 106.0 111.4 

--------------------------------------------------------------------------------------------------- 

See footnotes following Table 6. June 2, 2022 

r=revised Source: Bureau of Labor Statistics 
 -11- 

 

Table 3. Manufacturing sector: Labor productivity, hourly compensation, and unit labor costs, 

seasonally adjusted. 

 Real 

Year Labor Hourly hourly Unit 

and produc- Hours compensa- compensa- labor 

quarter tivity Output worked tion (1) tion (2) costs 

--------------------------------------------------------------------------------------------------- 

 Percent change from previous quarter at annual rate (5) 

2022 I 0.2 r 5.1 r 4.9 r 5.9 r -3.0 r 5.7 r 

2021 ANNUAL 3.2 6.5 3.2 4.5 r -0.1 r 1.3 r 

2021 IV -0.6 5.4 6.1 9.6 r 1.6 r 10.3 r 

 III -2.5 3.8 6.4 -0.8 -7.0 1.7 

 II 9.5 5.8 -3.3 11.3 2.9 1.6 

 I -1.2 2.9 4.2 0.2 -3.8 1.4 

2020 ANNUAL 0.2 -6.7 -6.8 7.0 5.7 6.8 

2020 IV 2.9 11.0 7.8 10.3 7.9 7.2 

 III 20.3 56.2 29.9 -11.4 -15.4 -26.3 

 II -10.4 -44.5 -38.0 27.2 31.5 41.9 

 I 1.2 -6.2 -7.3 8.0 6.6 6.7 

--------------------------------------------------------------------------------------------------- 

 Percent change from corresponding quarter of previous year 

2022 I 1.5 r 5.0 r 3.4 r 6.4 r -1.5 r 4.8 r 

2021 ANNUAL 3.2 6.5 3.2 4.5 r -0.1 r 1.3 r 

2021 IV 1.2 4.5 3.3 4.9 r -1.7 r 3.7 r 

 III 2.1 5.8 3.7 5.1 -0.2 2.9 

 II 7.6 17.2 9.0 2.2 -2.5 -5.0 

 I 2.3 -0.2 -2.5 5.6 3.7 3.2 

2020 ANNUAL 0.2 -6.7 -6.8 7.0 5.7 6.8 

2020 IV 2.9 -2.5 -5.3 7.6 6.3 4.6 

 III 1.9 -5.4 -7.2 6.9 5.6 5.0 

 II -3.0 -15.5 -12.9 10.0 9.5 13.4 

 I -1.3 -3.1 -1.9 3.7 1.6 5.1 

--------------------------------------------------------------------------------------------------- 

 Indexes 2012=100 

2022 I 98.7 r 103.7 r 105.1 r 133.9 r 107.9 r 135.7 r 

2021 ANNUAL 98.5 100.6 102.1 129.1 r 109.2 r 131.0 r 

2021 IV 98.6 r 102.4 r 103.8 132.0 r 108.7 r 133.8 r 

 III 98.8 101.0 102.3 129.0 108.3 130.6 

 II 99.4 100.1 100.7 129.3 110.3 130.1 

 I 97.2 98.7 101.6 125.9 109.5 129.5 

2020 ANNUAL 95.4 94.5 99.0 123.5 109.3 129.4 

2020 IV 97.5 98.0 100.5 125.8 110.5 129.1 

 III 96.8 95.5 98.7 122.8 108.5 126.9 

 II 92.4 85.4 92.4 126.6 113.1 136.9 

 I 95.0 98.9 104.2 119.2 105.6 125.5 

--------------------------------------------------------------------------------------------------- 

See footnotes following Table 6. June 2, 2022 

r=revised Source: Bureau of Labor Statistics 
 -12- 

 

Table 4. Durable manufacturing sector: Labor productivity, hourly compensation, and unit labor 

costs, seasonally adjusted. 

 Real 

Year Labor Hourly hourly Unit 

and produc- Hours compensa- compensa- labor 

quarter tivity Output worked tion (1) tion (2) costs 

--------------------------------------------------------------------------------------------------- 

 Percent change from previous quarter at annual rate (5) 

2022 I 0.9 r 6.9 r 6.0 r 6.0 r -2.9 r 5.1 r 

2021 ANNUAL 5.6 8.6 2.9 4.1 r -0.5 r -1.4 r 

2021 IV 1.8 6.2 4.3 10.3 r 2.2 r 8.3 r 

 III -0.8 7.1 8.0 -8.2 -14.0 -7.5 

 II 6.3 -0.2 -6.1 13.9 5.4 7.2 

 I 0.5 6.6 6.1 1.2 -2.8 0.7 

2020 ANNUAL 0.1 -8.0 -8.2 7.0 5.7 6.9 

2020 IV 5.1 11.4 5.9 12.3 9.9 6.9 

 III 46.7 99.1 35.7 -15.4 -19.3 -42.3 

 II -20.0 -54.0 -42.5 28.9 33.4 61.2 

 I -2.2 -10.1 -8.0 7.4 6.0 9.8 

--------------------------------------------------------------------------------------------------- 

 Percent change from corresponding quarter of previous year 

2022 I 2.0 r 5.0 r 2.9 r 5.1 r -2.6 r 3.1 r 

2021 ANNUAL 5.6 8.6 2.9 4.1 r -0.5 r -1.4 r 

2021 IV 1.9 4.9 2.9 3.9 r -2.6 r 2.0 r 

 III 2.7 6.2 3.3 4.4 -0.8 1.6 

 II 13.3 23.9 9.4 2.3 -2.4 -9.7 

 I 5.5 2.1 -3.2 5.5 3.6 0.0 

2020 ANNUAL 0.1 -8.0 -8.2 7.0 5.7 6.9 

2020 IV 4.8 -2.1 -6.6 7.1 5.8 2.2 

 III 3.4 -5.2 -8.3 6.7 5.4 3.2 

 II -6.2 -20.4 -15.1 10.8 10.3 18.2 

 I -1.8 -4.5 -2.8 4.0 1.8 5.9 

--------------------------------------------------------------------------------------------------- 

 Indexes 2012=100 

2022 I 103.1 r 106.6 r 103.4 r 133.2 r 107.3 r 129.2 r 

2021 ANNUAL 102.2 r 102.8 r 100.5 129.3 r 109.3 r 126.4 r 

2021 IV 102.9 r 104.8 r 101.9 131.3 r 108.1 r 127.6 r 

 III 102.4 103.3 100.8 128.1 107.5 125.1 

 II 102.6 101.5 98.9 130.9 111.6 127.5 

 I 101.1 101.5 100.5 126.7 110.2 125.4 

2020 ANNUAL 96.8 94.6 97.7 124.1 109.9 128.2 

2020 IV 100.9 99.9 99.0 126.3 111.0 125.1 

 III 99.7 97.3 97.6 122.7 108.4 123.1 

 II 90.6 81.9 90.4 128.0 114.3 141.3 

 I 95.8 99.4 103.8 120.1 106.4 125.4 

--------------------------------------------------------------------------------------------------- 

See footnotes following Table 6. June 2, 2022 

r=revised Source: Bureau of Labor Statistics 
 -13- 

 

Table 5. Nondurable manufacturing sector: Labor productivity, hourly compensation, and unit labor 

costs, seasonally adjusted. 

 Real 

Year Labor Hourly hourly Unit 

and produc- Hours compensa- compensa- labor 

quarter tivity Output worked tion (1) tion (2) costs 

--------------------------------------------------------------------------------------------------- 

 Percent change from previous quarter at annual rate (5) 

2022 I 0.0 r 3.2 r 3.2 r 5.5 r -3.3 r 5.5 r 

2021 ANNUAL 0.5 4.1 3.6 5.3 r 0.6 r 4.8 r 

2021 IV -4.1 4.5 9.0 8.7 r 0.7 r 13.4 r 

 III -3.5 0.3 3.8 14.1 6.9 18.2 

 II 11.4 12.9 1.3 7.2 -0.8 -3.8 

 I -2.2 -1.1 1.1 -2.2 -6.0 0.0 

2020 ANNUAL -0.4 -4.9 -4.5 7.3 6.0 7.7 

2020 IV -0.3 10.6 10.9 7.0 4.7 7.3 

 III -0.2 20.8 21.0 -4.4 -8.8 -4.3 

 II -3.2 -32.2 -30.0 26.3 30.6 30.5 

 I 4.9 -1.5 -6.1 9.5 8.1 4.4 

--------------------------------------------------------------------------------------------------- 

 Percent change from corresponding quarter of previous year 

2022 I 0.8 r 5.1 r 4.3 r 8.8 r 0.8 r 8.0 r 

2021 ANNUAL 0.5 4.1 3.6 5.3 r 0.6 r 4.8 r 

2021 IV 0.2 4.0 3.8 6.8 r 0.1 r 6.6 r 

 III 1.2 5.5 4.2 6.4 1.1 5.1 

 II 2.1 10.5 8.3 1.8 -2.9 -0.3 

 I -1.5 -2.7 -1.3 6.0 4.1 7.6 

2020 ANNUAL -0.4 -4.9 -4.5 7.3 6.0 7.7 

2020 IV 0.3 -2.8 -3.1 9.1 7.8 8.8 

 III -0.3 -5.6 -5.3 7.6 6.3 8.0 

 II -0.7 -9.9 -9.2 9.1 8.6 9.9 

 I -0.9 -1.3 -0.4 3.6 1.4 4.5 

--------------------------------------------------------------------------------------------------- 

 Indexes 2012=100 

2022 I 97.2 r 104.8 r 107.9 r 135.7 r 109.3 r 139.6 r 

2021 ANNUAL 97.7 102.4 104.8 129.1 r 109.2 r 132.2 r 

2021 IV 97.2 r 104.0 r 107.0 133.9 r 110.2 r 137.8 r 

 III 98.2 102.9 104.8 131.1 110.0 133.5 

 II 99.1 102.8 103.8 126.9 108.2 128.1 

 I 96.4 99.7 103.4 124.7 108.4 129.3 

2020 ANNUAL 97.2 98.3 101.1 122.6 108.6 126.1 

2020 IV 97.0 100.0 103.2 125.4 110.1 129.3 

 III 97.0 97.5 100.5 123.2 108.9 127.0 

 II 97.1 93.0 95.8 124.7 111.4 128.4 

 I 97.9 102.5 104.8 117.6 104.2 120.1 

--------------------------------------------------------------------------------------------------- 

See footnotes following Table 6. June 2, 2022 

r=revised Source: Bureau of Labor Statistics 
 -14- 

 

Table 6. Nonfinancial corporate sector: Labor productivity, hourly compensation, unit labor costs, 

unit profits, and prices, seasonally adjusted. 

 Real 

 Hourly hourly Unit Total Implicit 

Year Labor compen- compen- Unit nonlabor unit Unit price 

and produc- Hours sation sation labor costs costs profits deflator 

quarter tivity Output worked (1) (2) costs (6) (7) (8) (4) 

--------------------------------------------------------------------------------------------------------- 

 Percent change from previous quarter at annual rate (5) 

2022 I -5.0 0.7 6.0 4.2 -4.6 9.7 27.5 14.7 -5.1 11.6 

2021 ANNUAL 4.6 r 9.7 r 4.9 5.3 r 0.6 r 0.7 4.7 r 1.9 r 23.0 4.6 

2021 IV 1.1 r 5.0 r 3.9 9.8 r 1.8 r 8.7 r 24.0 r 13.0 r -3.7 r 10.2 

 III 1.8 6.7 4.8 9.2 2.3 7.2 14.4 9.3 0.4 7.8 

 II 1.6 5.7 4.1 9.3 1.1 7.6 -14.4 0.7 58.8 7.9 

 I 3.2 8.9 5.6 -1.8 -5.6 -4.8 18.7 1.6 30.0 5.1 

2020 ANNUAL 2.2 -4.2 -6.2 6.9 5.5 4.6 -10.6 -0.2 2.4 0.1 

2020 IV 17.1 28.4 9.6 8.4 6.1 -7.4 53.3 6.3 -31.4 -0.2 

 III -0.3 31.7 32.1 -5.2 -9.5 -4.9 -21.4 -9.6 206.1 6.2 

 II 2.7 -39.0 -40.6 23.7 28.0 20.5 -49.3 -6.5 -9.1 -6.8 

 I 0.7 -3.3 -4.0 7.4 6.0 6.6 4.2 5.8 -35.4 -0.4 

--------------------------------------------------------------------------------------------------------- 

 Percent change from corresponding quarter of previous year 

2022 I -0.2 4.5 4.7 8.1 0.1 8.3 11.5 9.3 9.9 9.4 

2021 ANNUAL 4.6 r 9.7 r 4.9 5.3 r 0.6 r 0.7 4.7 r 1.9 r 23.0 4.6 

2021 IV 1.9 r 6.6 r 4.6 6.5 r -0.2 r 4.5 r 9.6 r 6.0 r 18.9 r 7.7 

 III 5.7 12.1 6.0 6.2 0.9 0.4 15.5 4.4 9.2 5.1 

 II 5.2 18.1 12.3 2.5 -2.2 -2.5 5.2 -0.4 44.3 4.7 

 I 5.5 3.0 -2.4 5.7 3.8 0.2 -7.7 -2.3 25.5 1.0 

2020 ANNUAL 2.2 -4.2 -6.2 6.9 5.5 4.6 -10.6 -0.2 2.4 0.1 

2020 IV 4.8 -0.1 -4.7 8.1 6.8 3.1 -10.7 -1.2 5.4 -0.4 

 III 1.3 -5.6 -6.8 7.1 5.8 5.8 -20.3 -2.5 18.3 0.1 

 II 1.5 -11.6 -12.9 8.8 8.4 7.3 -14.2 0.4 -10.0 -0.9 

 I 1.0 0.4 -0.6 3.7 1.5 2.6 2.1 2.4 -4.9 1.5 

--------------------------------------------------------------------------------------------------------- 

 Indexes 2012=100 

2022 I 112.3 127.5 113.5 143.9 115.9 128.1 112.3 122.9 125.1 123.2 

2021 ANNUAL 113.3 r 124.7 r 110.1 137.8 r 116.5 r 121.6 r 100.9 r 114.7 r 124.1 r 116.1 

2021 IV 113.8 r 127.2 r 111.8 142.5 r 117.3 r 125.2 r 105.7 r 118.7 r 126.7 r 119.9 

 III 113.5 125.7 110.8 139.2 116.8 122.6 100.2 115.1 127.9 117.0 

 II 113.0 123.7 109.5 136.1 116.1 120.5 96.9 112.6 127.8 114.8 

 I 112.6 122.0 108.4 133.1 115.8 118.3 100.7 112.4 113.8 112.6 

2020 ANNUAL 108.3 113.7 105.0 130.8 115.8 120.8 96.3 112.6 100.9 111.0 

2020 IV 111.7 119.4 106.9 133.7 117.5 119.8 96.5 112.0 106.6 111.2 

 III 107.4 112.2 104.5 131.1 115.8 122.1 86.7 110.3 117.2 111.3 

 II 107.4 104.7 97.5 132.8 118.7 123.6 92.1 113.1 88.6 109.6 

 I 106.7 118.5 111.0 125.9 111.6 118.0 109.1 115.0 90.7 111.6 

--------------------------------------------------------------------------------------------------------- 

See footnotes following Table 6. June 2, 2022 

r=revised Source: Bureau of Labor Statistics 
 -15- 

 

SOURCES: Output data are from the Bureau of Economic Analysis and the Census Bureau of the U.S. 

Department of Commerce; the Bureau of Labor Statistics, U.S. Department of Labor; and the Federal 

Reserve Board. Hours and compensation data are from the Bureau of Labor Statistics and the Bureau of 

Economic Analysis. 

SIZE OF REVISIONS: Productivity and cost measures are revised on a regular schedule as more 

complete data become available. The first estimate is published within 40 days of the close of the 

reference quarter, the second estimate approximately 30 days later, and the third estimate approximately 

60 days after the second estimate. Based on past revisions, the third estimate of nonfarm business sector 

quarterly labor productivity growth has differed from the first estimate by -1.1 to +1.4 percentage point 

about 80 percent of the time. This interval is based on estimates for reference quarters from the first 

quarter of 2001 to the fourth quarter of 2021. For more about revisions to labor productivity growth see 

“How large are revisions to estimates of quarterly labor productivity growth?” at 

www.bls.gov/osmr/research-papers/2021/ec210040.htm. 

Table Footnotes

(1) Wages and salaries of employees plus employers' contributions for social insurance and private 

benefit plans. Except for nonfinancial corporations, where there are no self-employed, data also include 

an estimate of wages, salaries, and supplemental payments for the self-employed. 

(2) The change for recent quarters is based on the Consumer Price Index for all urban consumers 

(CPI-U). The trend from 1978-2021 is based on the Consumer Price Index Retroactive series (CPI-URS). 

(3) Unit nonlabor payments include profits, consumption of fixed capital, taxes on production and 

imports less subsidies, net interest and miscellaneous payments, business current transfer payments, 

rental income of persons, and the current surplus of government enterprises. 

(4) Current dollar output divided by the output index. 

(5) Quarterly changes: Percent change compounded at annual rate is calculated using index numbers to 

three decimal places. Indexes published in the news release are rounded to one decimal place for 

convenience. Annual changes: Percent change is calculated using annual indexes to three decimal 

places. 

(6) Unit nonlabor costs include consumption of fixed capital, taxes on production and imports less 

subsidies, net interest and miscellaneous payments, and business current transfer payments. 

(7) Total unit costs are the sum of unit labor and nonlabor costs. 

(8) Unit profits include corporate profits before tax with inventory valuation and capital consumption 

adjustment.