US labor productivity in Q4 2024 was revised up from an quarterly annualized rate of 1.2% in the initial estimate to 1.5%.

• On an annual basis, productivity was up 2.0% YoY to end 2024, the lowest since Q2 2023.
• The output growth rate saw a slight upward revision of 0.1 ppts to 2.4% while the hours worked rate was revised down -0.2 ppts to 0.8%.
• Unit labor costs growth saw a sharp -0.8 ppts revision to 2.2% as hourly compensation growth was revised down -0.4 ppts to 3.8%.
• Manufacturing productivity was revised down -0.5 ppts to 0.3% as output growth was revised down to -1.3% and hours worked growth was revised up to -1.6%.
• Manufacturing unit labor costs growth was revised up 0.4 ppts to 3.7%.