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August 07, 2025US PRODUCTIVITY, Q2 2025 [PRELIMINARY] 
US nonfarm business sector labour productivity in the US grew at a seasonally adjusted annualized rate of 2.4% in Q2 2025. The rebound in labour productivity combined with a 1.3% rise in hours worked lifted US business sector output by 3.7%.
US manufacturing labour productivity increased 2.1% with hours worked up 0.3%, combining for a 2.3% rise in US manufacturing output.
US unit labour costs were up 1.6%, as the labour productivity improvement of 2.4% offset some of the 4.0% rise in hourly compensation.
US manufacturing hourly compensation increased 3.8%, which was partially offset by the 2.1% rise in manufacturing labour productivity, leading to unit labour cost growth of 1.7% for US manufacturers.
Note: All figures are reported as growth from the previous quarter at seasonally adjusted annualized rates.
Source: US Bureau of Labor Statistics, retrieved from Federal Reserve Bank of St. Louis
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