Labor productivity in the US non-farm business sector fell by an annualized 0.2 percent during the third quarter of 2019, slightly less than a preliminary estimate of a 0.3 percent decline and following an unrevised 2.5 percent growth in the previous three-month. It was the first decline in productivity since the fourth quarter of 2015, as output went up by 2.3 percent (vs 1.9 percent in Q2) and hours worked advanced at a faster 2.5 percent (vs -0.5 percent in Q2). Manufacturing sector labor productivity rose 0.1 percent, driven by a 0.7 percent gain in durable manufacturing productivity. Year-on-year, non-farm business productivity went up 1.5 percent. Productivity in the United States averaged 60.96 Index Points from 1950 until 2019, reaching an all time high of 107.59 Index Points in the second quarter of 2019 and a record low of 25.99 Index Points in the first quarter of 1950.

Productivity in the United States is expected to be 108.82 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 110.20 in 12 months time. In the long-term, the United States Nonfarm Labour Productivity is projected to trend around 112.00 Index Points in 2020, according to our econometric models.

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United States Nonfarm Labour Productivity

Actual Previous Highest Lowest Dates Unit Frequency
107.53 107.59 107.59 25.99 1950 - 2019 points Quarterly
2012=100, SA



Calendar GMT Actual Previous Consensus TEForecast
2019-08-15 12:30 PM Nonfarm Productivity QoQ Prel Q2 2.3% 3.5% 1.5% 1.5%
2019-09-05 12:30 PM Nonfarm Productivity QoQ Final Q2 2.3% 3.5% 2.2% 2.3%
2019-11-06 01:30 PM Nonfarm Productivity QoQ Prel Q3 -0.3% 2.5% 0.9% 0.8%
2019-12-10 01:30 PM Nonfarm Productivity QoQ Final Q3 -0.2% 2.5% -0.1% -0.3%


News Stream
2019-11-06
US Labor Productivity Drops Unexpectedly in Q3
Labor productivity in the US non-farm business sector fell by an annualized 0.3 percent during the third quarter of 2019, following an upwardly revised 2.5 percent growth in the previous three-month period and missing market expectations of a 0.9 percent increase. It was the first decline in productivity since the fourth quarter of 2015, as output advanced by 2.1 percent (vs 1.9 percent in Q2) and hours worked rose at a faster 2.4 percent (vs -0.5 percent in Q2). Manufacturing sector labor productivity declined 0.1 percent, led by a 1.5 percent slump in nondurable manufacturing productivity. Year-on-year, non-farm business productivity went up 1.4 percent.

2019-09-05
US Labour Productivity Beats Forecasts in Q2
Labor productivity in the US non-farm business sector increased by an annualized 2.3 percent during the second quarter of 2019, matching a preliminary estimate and following a 3.5 percent gain in the previous three-month period. Figures came above market expectations of 2.2 percent. Output rose 1.9 percent and hours worked dropped 0.4 percent, the biggest decline since the third quarter of 2009. Year-on-year, productivity went up 1.8 percent, reflecting a 2.6 percent rise in output and a 0.9 percent increase in hours worked.

2019-08-15
US Labor Productivity Growth Slows to 2.3% in Q2
Labor productivity in the US non-farm business sector rose by an annualized 2.3 percent during the second quarter of 2019, beating market expectations of 1.5 percent and following an upwardly revised 3.5 percent advance in the previous three-month period, a preliminary estimate showed. Output increased 1.9 percent and hours worked decreased 0.4 percent. Year-on-year, productivity increased 1.8 percent, reflecting a 2.6-percent advance in output and a 0.8-percent increase in hours worked.

2019-06-06
US Q1 Labor Productivity Revised Lower
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.

2019-05-02
US Labor Productivity Rises the Most since 2014
Labor productivity in the US non-farm business sector rose by an annualized 3.6 percent during the first quarter of 2019, beating market expectations of 2.2 percent and following a 1.3 percent advance in the previous three-month period. That was the strongest increase in productivity since the third quarter of 2014, as output grew 4.1 percent and hours worked were up 0.5 percent. Year-on-year, productivity rose 2.4 percent, the largest annual gain since the third quarter of 2010, reflecting a 3.9-percent increase in output and a 1.5-percent advance in hours worked.

2019-03-07
US Labor Productivity Rises More than Expected in Q4
Labor productivity in the US non-farm business sector rose by an annualized 1.9 percent during the fourth quarter of 2018, beating market expectations of 1.6 percent and following a 1.8 percent advance in the previous three-month period. Output grew by 3.1 percent and hours worked by 1.2 percent. Year-on-year, productivity increased by 1.8 percent, reflecting a 3.7 percent gain in output and a 1.9 percent rise in hours worked. Considering 2018 full year, labor productivity rose by 1.3 percent, the most since 2010.


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. .

United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.50 3.50 10.80 2.50 percent [+]
Non Farm Payrolls 145.00 256.00 1118.00 -1959.00 Thousand [+]
Nonfarm Payrolls Private 139.00 243.00 1092.00 -1766.00 Thousand [+]
Government Payrolls 6.00 13.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls -12.00 58.00 655.00 -1715.00 Thousand [+]
Initial Jobless Claims 211.00 205.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1731.00 1768.00 6635.00 988.00 Thousand [+]
ADP Employment Change 202.00 124.00 360.00 -706.00 Thousand [+]
Employed Persons 158803.00 158536.00 158803.00 57172.00 Thousand [+]
Unemployed Persons 5753.00 5811.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.10 0.30 0.60 -0.20 percent [+]
Average Weekly Hours 34.30 34.30 34.60 33.70 Hours [+]
Labor Force Participation Rate 63.20 63.20 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.72 0.74 4.40 0.08 percent [+]
Youth Unemployment Rate 8.10 8.00 19.50 4.80 percent [+]
Productivity 107.53 107.59 107.59 25.99 points [+]
Labour Costs 112.00 111.30 112.00 17.00 points [+]
Job Vacancies 6465.00 7626.00 7884.00 2157.00 Thousand [+]
Job Offers 6800.00 7361.00 7626.00 2264.00 Thousand [+]
Challenger Job Cuts 32843.00 44569.00 248475.00 15100.00 Persons [+]
Wages 23.79 23.77 23.79 2.50 USD/Hour [+]
Wages in Manufacturing 22.57 22.41 22.57 1.27 USD/Hour [+]
Wage Growth 5.34 5.03 13.78 -5.88 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.70 0.60 2.00 0.20 percent [+]
Population 327.17 325.15 327.17 76.09 Million [+]
Retirement Age Women 66.00 66.00 66.00 66.00 [+]
Retirement Age Men 66.00 66.00 66.00 66.00 [+]
Employment Rate 61.00 61.00 64.70 54.90 percent [+]
Full Time Employment 131755.00 131562.00 131755.00 64640.00 Thousand [+]
Wages Low Skilled 1960.00 1760.00 2340.00 1760.00 USD/Month [+]
Wages High Skilled 4520.00 4330.00 4950.00 4330.00 USD/Month [+]
Part Time Employment 26992.00 26992.00 28134.00 10086.00 Thousand [+]
Living Wage Family 2380.00 2270.00 2380.00 2160.00 USD/Month [+]
Living Wage Individual 1660.00 1560.00 1660.00 1450.00 USD/Month [+]