U.S. Bureau of Labor Statistics@bls · official source
Productivity increases 2.4% in Q2 2025; unit labor costs increase 1.6% (annual rates)
· via BLS
Key points
- Unit labor costs in the nonfarm business sector increased 1.6 percent in the second quarter of 2025, reflecting a 4.0-percent increase in hourly compensation and a 2.4-percent increase in productivity.
- 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.
- Unit labor costs increased 3.8 percent in the nondurable goods sector and declined 0.2 percent in durable goods industries.
- The downward revision to productivity translated to a 0.3-percentage point upward revision to first-quarter unit labor costs, to a rate of 6.9 percent; hourly compensation was not revised.
- In the first quarter of 2025, total manufacturing unit labor costs were revised up 0.9 percentage point to an increase of 2.9 percent, primarily reflecting the 1.1-percentage point downward revision to productivity…
Official source
BLSAug 7, 2025Official release ↗
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