Labor productivity in the US non-farm business sector increased by an annualized 3.4 percent during the first quarter of 2019, below a preliminary estimate of 3.6 percent and following a 1.3 percent rise in the previous three-month period. Figures came below market expectations of 3.5 percent. Output increased 3.9 percent and hours worked increased 0.5 percent. Year-on-year, productivity rose 2.4 percent, the most since the third quarter of 2010, reflecting a 3.9 percent increase in output and a 1.5 percent increase in hours worked. Productivity in the United States averaged 60.65 Index Points from 1950 until 2019, reaching an all time high of 106.96 Index Points in the first quarter of 2019 and a record low of 26.02 Index Points in the first quarter of 1950.
Productivity in the United States is expected to be 106.55 Index 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 17.30 in 12 months time. In the long-term, the United States Nonfarm Labour Productivity is projected to trend around 109.21 Index Points in 2020, according to our econometric models.