Non-farm labor productivity in the US increased an annualized 0.3 percent in the third quarter of 2022, below market expectations of a 0.6 percent rise, preliminary estimates showed. Output advanced 2.8 percent, recovering from a 1.2 percent fall in Q2 and hours worked rose 2.4 percent, easing from a 2.9 percent gain. Year-on-year, non-farm business sector labor productivity fell by 1.4 percent, following a 2.1 percent drop in Q2. source: U.S. Bureau of Labor Statistics

Productivity in the United States averaged 63.33 points from 1950 until 2022, reaching an all time high of 115.97 points in the fourth quarter of 2021 and a record low of 26.24 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 November of 2022.

Productivity in the United States is expected to be 114.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Nonfarm Labour Productivity is projected to trend around 112.00 points in 2023 and 110.00 points in 2024, according to our econometric models.

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United States Nonfarm Labour Productivity



Calendar GMT Actual Previous Consensus TEForecast
2022-09-01 12:30 PM Nonfarm Productivity QoQ Final Q2 -4.1% -7.4% -4.5% -4.6%
2022-11-03 12:30 PM Nonfarm Productivity QoQ Prel Q3 0.3% -4.1% 0.6% 0.4%


Related Last Previous Unit Reference
Unemployment Rate 3.70 3.50 percent Oct 2022
Non Farm Payrolls 261.00 315.00 Thousand Oct 2022
Government Payrolls 28.00 -4.00 Thousand Oct 2022
Nonfarm Payrolls Private 233.00 319.00 Thousand Oct 2022
Manufacturing Payrolls 32.00 23.00 Thousand Oct 2022
Initial Jobless Claims 240.00 223.00 Thousand Nov 2022
Continuing Jobless Claims 1551.00 1503.00 Thousand Nov 2022
Unemployed Persons 6059.00 5753.00 Thousand Oct 2022
Employed Persons 158608.00 158936.00 Thousand Oct 2022
Average Hourly Earnings 0.40 0.30 percent Oct 2022
Average Weekly Hours 34.50 34.50 Hours Oct 2022
Labor Force Participation Rate 62.20 62.30 percent Oct 2022
Long Term Unemployment Rate 0.71 0.65 percent Oct 2022
Youth Unemployment Rate 8.10 8.30 percent Oct 2022
Productivity 113.14 113.04 points Sep 2022
Labour Costs 127.62 126.52 points Sep 2022
Job Vacancies 10695.00 10389.00 Thousand Sep 2022
Job Offers 10717.00 10280.00 Thousand Sep 2022
Wages 27.86 27.77 USD/Hour Oct 2022
Wages in Manufacturing 25.37 25.32 USD/Hour Oct 2022
Employment Cost Index 1.20 1.30 percent Sep 2022
Jobless Claims 4-week Average 226.75 221.25 Thousand Nov 2022
Part Time Employment 26394.00 26230.00 Thousand Oct 2022
Full Time Employment 132228.00 132661.00 Thousand Oct 2022
Employment Rate 60.00 60.10 percent Oct 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
113.14 113.04 115.97 26.24 1950 - 2022 points Quarterly
2012=100, SA

News Stream
US Labour Productivity Rises Less Than Expected
Non-farm labor productivity in the US increased an annualized 0.3 percent in the third quarter of 2022, below market expectations of a 0.6 percent rise, preliminary estimates showed. Output advanced 2.8 percent, recovering from a 1.2 percent fall in Q2 and hours worked rose 2.4 percent, easing from a 2.9 percent gain. Year-on-year, non-farm business sector labor productivity fell by 1.4 percent, following a 2.1 percent drop in Q2.
2022-11-03
US Labour Productivity Falls Slightly Less than Initially Expected
Non-farm labor productivity in the US fell an annualized 4.1 percent in the second quarter of 2022, slightly less than initial estimates of a 4.6 percent drop. Output decreased 1.4 percent and hours worked 2.7 percent. Compared to the second quarter of 2021, productivity decreased 2.4 percent, the largest decline sine the first quarter of 1948.
2022-09-01
US Labor Productivity Drops Less than Expected
Non-farm labor productivity in the US fell an annualized 4.6 percent in the second quarter of 2022, slightly below market expectations of a 4.7 percent drop and easing from the downwardly revised 7.3 percent decline in the previous period. Output slid 2.1 percent, easing from the upwardly revised 2.5 percent contraction in the first quarter, while hours worked rose by 2.6 percent from a downwardly revised 5.3 percent increase. Year-on-year, non-farm business sector labor productivity fell by 2.5 percent, picking up from the 0.6 percent fall in the first quarter.
2022-08-09