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).

Productivity in the United States averaged 61.30 points from 1950 until 2020, reaching an all time high of 108.28 points in the fourth quarter of 2019 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 July of 2020.

Productivity in the United States is expected to be 108.50 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 110.50 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
108.03 108.28 108.28 25.99 1950 - 2020 points Quarterly
2012=100, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-06 01:30 PM Nonfarm Productivity QoQ Prel Q4 1.4% -0.2% 1.6% 1.5%
2020-03-05 01:30 PM Nonfarm Productivity QoQ Final Q4 1.2% -0.3% 1.4% 1.4%
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%


News Stream
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
US Productivity Rises Less than Initially Thought
Labor productivity in the US non-farm business sector increased by an annualized 1.2 percent during the fourth quarter of 2019, compared to a preliminary estimate of 1.4 percent and following a revised 0.3 percent drop in the previous three-month period. Output increased 2.4 percent (vs 2.3 percent in Q3) and hours worked rose 1.2 percent (vs 2.7 percent in Q3). Still, manufacturing sector labor productivity dropped 0.8 percent, the third consecutive quarter of decline, as output contracted 0.4 percent (vs 0.9 percent in Q3) while hours worked were up 0.4 percent (vs 1.4 percent in Q3). Considering 2019 full year, productivity grew 1.9 percent, the most since 2010.
2020-03-05
US Labor Productivity Rises Less than Forecast
Labor productivity in the US non-farm business sector increased by an annualized 1.4 percent during the fourth quarter of 2019, rebounding from a 0.2 percent decline in the previous three-month period and missing market expectations of a 1.6 percent growth, a preliminary estimate showed. Output increased 2.5 percent (vs 2.3 percent in Q3) and hours worked rose 1.1 percent (vs 2.5 percent in Q3). Still, manufacturing sector labor productivity dropped 1.2 percent, as output contracted 1.0 percent while hours worked were up 0.2 percent. Considering 2019 full year, productivity grew 1.7 percent, the most since 2010.
2020-02-06

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.