U.S. Bureau of Labor Statistics@bls · official source
Productivity decreases 0.8% in Q1 2025; unit labor costs increase 5.7% (annual rates)
· via BLS
Key points
- Unit labor costs in the nonfarm business sector increased 5.7 percent in the first quarter of 2025, reflecting a 4.8-percent increase in hourly compensation and a 0.8-percent decrease in productivity.
- Unit labor costs increased 1.3 percent over the last four quarters.
- During the current business cycle, starting in the fourth quarter of 2019, labor productivity has grown at an annualized rate of 1.8 percent, reflecting a 2.4-percent rate of growth in output and a 0.6-percent rate of growth in hours worked.
- Manufacturing unit labor costs increased 0.7 percent from the same quarter a year ago.
- Nonfarm business unit labor costs were revised down 0.2 percentage point to an increase of 2.0 percent, reflecting a 0.1-percentage point downward revision to hourly compensation and the aforementioned 0.2-percentage point upward revision to labor…
Official source
BLSMay 8, 2025Official release ↗
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