Productivity and Labor Costs Report for Q1 2023 (Preliminary)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the first quarter of 2023 (preliminary):

Nonfarm Productivity
Predicted: -1.0%
Actual: -2.7%

• Change from A Year Ago: -0.9%

=============

Unit Labor Costs
Predicted: +4.0%
Actual: +6.3%

• Change from A Year Ago: +5.8%

=============

The yellow-highlighted percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.


For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.


===================

 

CHART: Labor Productivity
Q1 2019 Through Q1 2023 (Preliminary)

===================

CHART: Unit Labor Costs
Q1 2019 Through Q1 2023 (Preliminary)

===================

  

 

  CHART: Labor Productivity, Output
and Hours Worked Index Series
 Q4 2019 through Q1 2023

    

===================

 

From Today's Report

 

"...From the same quarter a year ago, nonfarm business sector labor productivity decreased 0.9%, reflecting a 1.3% increase in output and a 2.3% increase in hours worked. The 0.9-percent productivity decline is the first time the four-quarter change series has remained negative for five consecutive quarters; this series begins in the first quarter of 1948..."

 ===================

 Click here to view the full Labor Department report (PDF.)

===================

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Productivity and Labor Costs Report for Q1 2022 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the first quarter of 2022 (revised):

Nonfarm Productivity
Predicted: -7.5%
Actual: -7.3%

• Change from A Year Ago: -0.6%

=============

Unit Labor Costs
Predicted: +10.0%
Actual: +12.6%

• Change from A Year Ago: +8.2%

=============

The yellow-highlighted percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.


For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.


===================

 

From Today's Report

 

"...Nonfarm business sector labor productivity decreased 7.3% 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%. This is the largest decline in quarterly productivity since the third quarter of 1947, when the measure decreased 11.7%. (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%, reflecting a 4.2-percent increase in output that was outpaced by a 4.8% 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%.

Unit labor costs in the nonfarm business sector increased 12.6% in the first quarter of 2022, reflecting a 4.4% increase in hourly compensation and a 7.3% decrease in productivity. Unit labor costs increased 8.2% 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% 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..."

 ===================

 Click here to view the full Labor Department report (PDF.)

===================

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Productivity and Labor Costs Report for Q1 2022 (Preliminary)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the first quarter of 2022 (preliminary):

Nonfarm Productivity
Predicted: -5.0%
Actual: -7.5%

• Change from A Year Ago: -0.6%

=============

Unit Labor Costs
Predicted: +10.0%
Actual: +11.6%

• Change from A Year Ago: +7.2%

=============

The yellow-highlighted percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.


For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.


===================

 

 

CHART: Labor Productivity
Q1 2018 Through Q1 2022 (Preliminary)

===================

 

CHART: Unit Labor Costs
Q1 2018 Through Q1 2022 (Preliminary)

===================

 

From Today's Report

 

"...Nonfarm business sector labor productivity decreased 7.5% in the first quarter of 2022, the U.S. Bureau of Labor Statistics reported today, as output decreased 2.4% and hours worked increased 5.5%. This is the largest decline in quarterly productivity since the third quarter of 1947, when the measure decreased 11.7%. (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%, reflecting a 4.2% increase in output that was outpaced by a 4.8% increase in hours worked. This is the largest four-quarter decline since the fourth quarter of 1993, when the measure also declined 0.6%.


Unit labor costs in the nonfarm business sector increased 11.6% in the first quarter of 2022, reflecting a 3.2% increase in hourly compensation and a 7.5% decrease in productivity. Unit labor costs increased 7.2% over the last four quarters. This is the largest four-quarter increase in this measure since an 8.2% increase in the third quarter of 1982..."

 ===================

 Click here to view the full Labor Department report (PDF.)

===================

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Productivity and Labor Costs Report for Q4 2021 (Preliminary)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the fourth quarter of 2021 (preliminary):

Nonfarm Productivity
Predicted: +5.0%
Actual: +6.6%

• Change from A Year Ago: +2.0%

=============

Unit Labor Costs
Predicted: +0.5%
Actual: +0.3%

• Change from A Year Ago: +3.1%

=============

The yellow-highlighted percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.


For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.


===================

  

Chart: Labor Productivity
Q1 2017 Through Q4 2021 (Preliminary)

 ===================

 

Chart: Unit Labor Costs
Q1 2017 Through Q4 2021 (Preliminary)

  ===================

 

• Click here to view the full Labor Department report (PDF.)

 ===================

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Productivity and Labor Costs Report for Q3 2021 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the third quarter of 2021 (revised):

Nonfarm Productivity
Predicted: -5.0%
Actual: -5.2%

• Change from A Year Ago: -0.6%

=============

Unit Labor Costs
Predicted: +9.0%
Actual: +9.6%

• Change from A Year Ago: +6.3%

=============

The yellow-highlighted percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.


For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.


===================

 

 

Chart: Labor Productivity
Q1 2017 Through Q3 2021 (Revised)

===================

  

 Chart: Unit Labor Costs
Q1 2017 Through Q3 2021 (Revised)

===================

 

From Today's Report:

"...Nonfarm business sector labor productivity decreased 5.2 percent in the third quarter of 2021, the U.S. Bureau of Labor Statistics reported today, as output increased 1.8 percent and hours worked increased 7.4 percent. This is the largest decline in quarterly productivity since the second quarter of 1960, when the measure decreased 6.1..."

===================

• Click here to view the full Labor Department report (PDF.)

 ===================

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Productivity and Labor Costs Report for Q3 2019 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the third quarter of 2019 (revised):

Nonfarm Productivity
Predicted: -0.1%
Actual: -0.2%

• Change from A Year Ago: +1.5%

=============

Unit Labor Costs
Predicted: +3.4%
Actual: +2.5%

• Change from A Year Ago: +2.2%

=============

The yellow-highlighted percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.


For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.


===================

Chart: Labor Productivity | Q1 2015 Through Q3 2019 (Revised)

===================

Chart: Unit Labor Costs | Q1 2015 Through Q3 2019 (Revised)

===================

• The preliminary productivity report for Q4 2019 is scheduled to be released on Thursday, February 6, 2020.

 
===================

• Click here to view the full Labor Department report (PDF.)

 ===================

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Productivity and Labor Costs Report for Q2 2019 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the second quarter of 2019 (revised):

Nonfarm Productivity
Predicted: +2.3%
Actual: +2.3%

• Change from A Year Ago: +1.8%

=============

Unit Labor Costs
Predicted: +2.4%
Actual: +2.6%

• Change from A Year Ago: +2.6%

=============

The yellow-highlighted percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.


For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.


===================

Chart: Labor Productivity | Q1 2015 Through Q2 2019 (Revised)

===================

Chart: Unit Labor Costs | Q1 2015 Through Q2 2019 (Revised)

===================

• The revised productivity report for Q3 2019 is scheduled to be released on Tuesday, December 10, 2019.

 
===================

• Click here to view the full Labor Department report (PDF.)

 ===================

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Productivity and Labor Costs Report for Q1 2019 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the first quarter of 2019 (revised):

Nonfarm Productivity
Predicted: +3.4%
Actual: +3.4%

Change from A Year Ago: +2.4%

=============

Unit Labor Costs
Predicted: -0.8%
Actual: -1.6%

Change from A Year Ago: -0.8%

=============

The yellow-highlighted percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.


For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.


===================

Chart: Labor Productivity - Q1 2015 Through Q1 2019 (Revised)

===================

Chart: Unit Labor Costs | Q1 2015 Through Q1 2019 (Revised)

 ===================

• The preliminary productivity report for Q2 2019 is scheduled to be released on Thursday, August 15, 2019.

 
===================

• Click here to view the full Labor Department report (PDF.)

 ===================

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Productivity and Labor Costs Report for Q3 2018 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the third quarter of 2018 (revised):

Nonfarm Productivity
Predicted: +2.3%
Actual: +2.3%

Change from A Year Ago: +1.3%

=============

Unit Labor Costs
Predicted: +1.1%
Actual: +0.9%

Change from A Year Ago: +0.9%

=============

The yellow-highlighted percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.


For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.


===================

• The preliminary productivity report for Q4 2018 is scheduled to be released on Wednesday, February 6, 2019.

 
===================

• Click here to view the full Labor Department report (PDF.)

 ===================

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Productivity and Labor Costs Report for Q3 2018 (Preliminary)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the third quarter of 2018 (preliminary):

Nonfarm Productivity
Predicted: +2.3%
Actual: +2.2%

Change from A Year Ago: +1.3%

=============

Unit Labor Costs
Predicted: +1.1%
Actual: +1.2%

Change from A Year Ago: +1.5%

=============

The yellow-highlighted percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.


For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.


===================

• The revised Q3 2018 productivity report is scheduled to be released on Wednesday, December 5, 2018.

 
===================

• Click here to view the full Labor Department report (PDF.)

 ===================

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Productivity and Labor Costs Report for Q2 2018 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the second quarter of 2018 (revised):

Nonfarm Productivity
Predicted: +3.0%
Actual: +2.9%

Change from A Year Ago: +1.3%

=============

Unit Labor Costs
Predicted: -1.0%
Actual: -1.0%

Change from A Year Ago: +1.9%

=============

The yellow-highlighted percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.


For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Click here to view the full Labor Department report (PDF.)

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Productivity and Labor Costs Report for Q2 2018 (Preliminary)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the second quarter of 2018 (preliminary):

Nonfarm Productivity
Predicted: +2.5%
Actual: +2.9%

Change from A Year Ago: +1.3%

=============

Unit Labor Costs
Predicted: -0.2%
Actual: -0.9%

Change from A Year Ago: +1.9%

=============

The yellow-highlighted percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.


For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Click here to view the full Labor Department report (PDF.)

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Productivity and Labor Costs Report for Q1 2018 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the first quarter of 2018 (revised):

Nonfarm Productivity
Predicted: +0.7%
Actual: +0.4%

=============

Unit Labor Costs
Predicted: +2.8%
Actual: +2.9%

=============

The yellow-highlighted figures represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.


For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Click here to view the full Labor Department report (PDF.)

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Productivity and Labor Costs Report for Q1 2018 (Preliminary)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the first quarter of 2018 (preliminary):

Nonfarm Productivity
Predicted: +0.9%
Actual: +0.7%

=============

Unit Labor Costs
Predicted: +3.0%
Actual: +2.7%

=============

The yellow-highlighted figures represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.


For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Click here to view the full Labor Department report (PDF.)

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Productivity and Labor Costs Report for Q4 2017 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the fourth quarter of 2017 (revised):

Nonfarm Productivity
Predicted: -0.1%
Actual: 0.0%

• Change from 12 Months Previous (Y/Y): +1.1%

=============

Unit Labor Costs
Predicted: +2.2%
Actual: +2.5%

• Change from 12 Months Previous (Y/Y): +1.7%

=============

The yellow-highlighted figures represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.

=============

Labor Productivity, Q4 2017, Revised

=============

Unit Labor Costs, Q4 2017, Revised

=============

For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Click here to view the full Labor Department report (PDF.)

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Productivity and Labor Costs Report for Q4 2017 (Preliminary)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the fourth quarter of 2017 (preliminary):

Nonfarm Productivity
Predicted: +1.1%
Actual: -0.1%

Reading from Previous Quarter, Revised: +2.7%

=============

Unit Labor Costs
Predicted: +0.9%
Actual: +2.0%

Reading from Previous Quarter, Revised: -0.1%

=============

The yellow-highlighted figures represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.

=============

Labor Productivity, Q4 2017

=============

Unit Labor Costs, Q4 2017

=============

For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Click here to view the full Labor Department report (PDF.)

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Productivity and Labor Costs Report for Q3 2017 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the third quarter of 2017 (revised):

Nonfarm Productivity
Predicted: +3.2%
Actual: +3.0%

=============

Unit Labor Costs
Predicted: +0.3%
Actual: -0.2%

=============

The yellow-highlighted figures represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.


For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

Click here to view the full Labor Department report (PDF.)

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Productivity and Labor Costs Report for Q3 2017 (Preliminary)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the third quarter of 2017 (preliminary):

Nonfarm Productivity
Predicted: +2.5%
Actual: +3.0%

Reading from Previous Quarter, Revised: +1.5%

=============

Unit Labor Costs
Predicted: +0.6%
Actual: +0.5%

Reading from Previous Quarter, Revised: +0.2%

=============

The yellow-highlighted figures represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.

=============

Labor Productivity, Q3 2017

=============

Unit Labor Costs, Q3 2017

=============

For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

Click here to view the full Labor Department report (PDF.)

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Productivity and Labor Costs Report for Q2 2017 (Revised)

Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the second quarter of 2017 (revised):

Nonfarm Productivity
Predicted: +1.3%
Actual: +1.5%

Revised Reading from Previous Quarter: 0.0%

=============

Unit Labor Costs
Predicted: +0.3%
Actual: +0.2%

Revised Reading from Previous Quarter: +2.2%

=============

The yellow-highlighted figures represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.

=============

Labor Productivity, Q2 2017 (Revised)

=============

Unit Labor Costs, Q2 2017 (Revised)

=============


For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

Click here to view the full Labor Department report (PDF.)

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Productivity and Labor Costs Report for Q2 2017 (Preliminary)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the second quarter of 2017 (preliminary):

Nonfarm Productivity
Predicted: +0.8%
Actual: +0.9%

Reading from Previous Quarter, Revised: +0.1%

=============

Unit Labor Costs
Predicted: +1.3%
Actual: +0.6%

Reading from Previous Quarter, Revised: +5.4%

=============

The yellow-highlighted figures represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.

=============

Labor Productivity, Q2 2017

=============

Unit Labor Costs, Q2 2017

=============

For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

Click here to view the full Labor Department report (PDF.)

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