US labor productivity increased at a quarterly annualized rate of 3.3% in Q2 2025, revised up from the preliminary estimate of 2.4% as output growth was revised up and hours worked growth was revised down.

• Output growth was 4.4% (revised up from 3.7%) and hours worked growth was 1.1% (revised down from 1.3%).
• Manufacturing productivity growth was 2.5% (revised up sharply from 1.6%) as output growth saw a strong upward revision to 2.4% (from 0.9%).
• Unit labor cost growth was 1.0% (revised down from 1.6%) and was up 2.5% YoY (revised down from 2.6% YoY).
• Hourly compensation grew 4.3% (revised up from 4.0%) with business hourly compensation growth at 4.6% and manufacturing hourly compensation growth at 4.5%.