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Nonfarm business labour productivity rose at a 1.4% annualized rate in the second quarter of 2026, the revised estimate from the Bureau of Labor Statistics shows. Output increased 1.7% and hours worked 0.3%; productivity was 2.2% higher than a year earlier.
Unit labour costs rose at a 1.2% annualized rate in the quarter, reflecting hourly compensation growth of 2.6%. These quarterly rates are seasonally adjusted and annualized, not quarter-on-quarter levels.