Labor productivity in the US non-farm business sector rose by an annualized 10.1 percent during the second quarter of 2020, well above a preliminary estimate of a 7.3 percent increase mainly due to a 1.8 percentage point upward revision to output. Unit labor costs increased 9.0 percent, a smaller increase than previously reported (12.2 percent). This downward revision is largely due to the 2.8 percentage point upward revision to productivity; the remaining revision comes from hourly compensation being revised down 0.4 percentage point, from a 20.4 percent increase to a 20.0 percent increase.

Productivity in the United States averaged 61.49 points from 1950 until 2020, reaching an all time high of 110.95 points in the second quarter of 2020 and a record low of 25.99 points in the first quarter of 1950. This page provides - United States Productivity - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Nonfarm Labour Productivity - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Productivity in the United States is expected to be 110.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Productivity in the United States to stand at 110.60 in 12 months time. In the long-term, the United States Nonfarm Labour Productivity is projected to trend around 111.00 points in 2021 and 112.00 points in 2022, according to our econometric models.

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United States Nonfarm Labour Productivity

Actual Previous Highest Lowest Dates Unit Frequency
110.95 108.31 110.95 25.99 1950 - 2020 points Quarterly
2012=100, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-05-07 12:30 PM Nonfarm Productivity QoQ Prel Q1 -2.5% 1.2% -5.5% -5.6%
2020-06-04 12:30 PM Nonfarm Productivity QoQ Final Q1 -0.9% 1.2% -2.7% -2.5%
2020-08-14 12:30 PM Nonfarm Productivity QoQ Prel Q2 7.3% -0.3% 1.5% 1.2%
2020-09-03 12:30 PM Nonfarm Productivity QoQ Final Q2 10.1% -0.3% 7.5% 7.3%


News Stream
US Productivity Rises More than Initially Thought
Labor productivity in the US non-farm business sector rose by an annualized 10.1 percent during the second quarter of 2020, well above a preliminary estimate of a 7.3 percent increase mainly due to a 1.8 percentage point upward revision to output. Unit labor costs increased 9.0 percent, a smaller increase than previously reported (12.2 percent). This downward revision is largely due to the 2.8 percentage point upward revision to productivity; the remaining revision comes from hourly compensation being revised down 0.4 percentage point, from a 20.4 percent increase to a 20.0 percent increase.
2020-09-03
US Labor Productivity Rises at Fastest Pace in 11 Years
Labor productivity in the US non-farm business sector rose by an annualized 7.3 percent during the second quarter of 2020, rebounding from a downwardly revised 0.3 percent drop in the previous three-month period and beating market expectations of a 1.5 percent increase, a preliminary estimate showed. It was the biggest increase in labour productivity since the second quarter of 2009, as output decreased 38.9 percent (vs -6.4 percent in Q1) and hours worked tumbled 43 percent (vs -6.1 percent in Q1). Still, manufacturing sector labor productivity dropped 15.5 percent, as output plunged 47 percent and hours worked slumped 37.3 percent. These were the largest quarterly declines in each of these series, which begin with data for 1987.
2020-08-14
US Productivity Falls Less than Initially Thought
Labor productivity in the US non-farm business sector decreased by an annualized 0.9 percent during the first quarter of 2020, compared to a preliminary estimate of a 2.5 percent fall and following a 1.2 percent increase in the previous three-month period. Output slumped 6.5 percent (vs 2.4 percent in Q4) and hours worked fell 5.6 percent (vs 1.2 percent in Q4). Still, manufacturing sector labor productivity edged up 0.3 percent, the first gain since Q1 2019, as output slid 6.3 percent (vs -0.2 percent in Q4) and hours worked declined 6.6 percent (vs 0.5 percent in Q4).
2020-06-04
US Labor Productivity Falls Less than Forecasts
Labor productivity in the US non-farm business sector decreased by an annualized 2.5 percent during the first quarter of 2020, after a 1.2 percent increase in the previous three-month period and compared to market expectations of a 5.5 percent decline, a preliminary estimate showed. It was the biggest fall in labor productivity since the last quarter of 2015. Output fell 6.2 percent, down from a 2.4 percent rise in Q4; and hours worked dropped 3.8 percent, reversing a 1.2 percent gain. Manufacturing sector labor productivity slumped 3.3 percent, as output contracted 7.1 percent and hours worked were down 3.9 percent.
2020-05-07

United States Nonfarm Labour Productivity
In the United States, the productivity of nonfarm workers is measured as the output of goods and services per hour worked. Labor productivity is calculated by dividing an index of real output by an index of hours worked of all persons, including employees, proprietors, and unpaid family workers.