Productivity and Costs: Q3 2025 (Final) (DELAYED)

US Productivity and Costs Source

Nonfarm business labor productivity rose +4.9% QoQ in Q3 2025, unchanged after revisions alongside strong output growth.

  • The revised nonfarm business figures were unchanged from the prior release, with productivity at +4.9% QoQ, output at +5.4% QoQ, hours worked at +0.5% QoQ, and unit labor costs at -1.9% QoQ, indicating no headline revision.

  • Business sector productivity also remained unchanged at +5.0% QoQ, with output +5.5% QoQ and hours +0.5% QoQ, while unit labor costs were revised slightly lower to -2.1% QoQ (prior: -2.0% QoQ).

  • Nonfinancial corporate productivity was revised up to +3.3% QoQ from +3.0%, alongside higher revised output growth of +4.0% QoQ (prior: +3.7% QoQ), while unit labor costs were revised down to +0.3% QoQ (prior: +0.6% QoQ).

  • Manufacturing productivity was revised up to +3.7% QoQ from +3.3%, with output revised higher to +3.0% QoQ (prior: +2.6% QoQ), while unit labor costs were revised lower to +1.1% QoQ (prior: +1.5% QoQ).

  • Durable manufacturing productivity saw a notable upward revision to +5.4% QoQ from +4.7%, with output revised to +3.6% QoQ (prior: +3.0% QoQ) and unit labor costs revised down to 0.0% QoQ (prior: +0.6% QoQ).

  • Nondurable manufacturing productivity was revised slightly higher to +1.3% QoQ from +1.2%, with unit labor costs revised marginally lower to +2.7% QoQ (prior: +2.8% QoQ), indicating small upward efficiency adjustments.