Q4 2023 US labor productivity increased by 3.2%, while unit labor costs grew by 0.4%.

In Q4 2023, US labor productivity increased by 3.2% as per the Labor Department report, unchanged from the previous estimate. Economists had expected a downward revision to 3.1%. Contrarily, unit labor costs grew by 0.4% in Q4, a downward revision from the previously reported 0.5% advance. The increase in labor costs was also expected to be upwardly revised to 0.6%, but remained at 0.4%.

March 07, 2024
5 Articles

Further Reading