U.S. Bureau of Labor Statistics@bls · official source
Productivity increases 1.4% in Q2 2026; unit labor costs increase 1.2% (annualized rates)
· via BLS
Key points
- Unit labor costs in the nonfarm business sector increased 1.2 percent in the second quarter of 2026, reflecting a 2.6-percent increase in hourly compensation and a 1.4-percent increase in productivity.
- Unit labor costs increased 1.4 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 2.1 percent through the second quarter of 2026…
- Total manufacturing unit labor costs decreased 0.3 percent in the second quarter of 2026, reflecting a 0.3-percentage point downward revision.
- As a result, unit labor costs were revised down 0.2 percentage point to an increase of 3.3 percent.
Official source
BLSSep 3, 2026Official release ↗
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