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January 08, 2026US PRODUCTIVITY, Q3 2025 [PRELIMINARY] 
US nonfarm business sector labour productivity grew at a seasonally adjusted annualized rate of 4.9% in Q3 2025. Accelerated growth in labour productivity combined with a 0.5% rise in hours worked lifted US business sector output by 5.4%.
US manufacturing labour productivity increased 3.3% with hours worked down 0.7%, combining for a 2.6% rise in US manufacturing output.
US unit labour costs were down 1.9%, as the labour productivity improvement of 4.9% more than offset a 2.9% rise in hourly compensation.
US manufacturing hourly compensation increased 4.8%, which was partially offset by the 3.3% rise in manufacturing labour productivity, leading to manufacturing unit labour cost growth of 1.5%.
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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