Nonfarm business sector labor productivity growth in the United States was revised lower to 1.7 percent in the fourth quarter of 2022, down from a preliminary estimate of 3.0 percent and compared with the previous period's 1.2 percent increase. Output grew 3.1 percent (vs a preliminary 3.5 percent) and hours worked were up 1.4 percent (vs a preliminary 0.5 percent). On a yearly basis, productivity decreased 1.8 percent in the final three months of 2022, reflecting a 0.7 percent expansion in output and a 2.6 percent advance in hours worked. Considering 2022 full year, annual average productivity decreased 1.7 percent, the largest decline since 1974, when productivity also decreased 1.7 percent. source: U.S. Bureau of Labor Statistics

Productivity in the United States averaged 63.49 points from 1950 until 2022, reaching an all time high of 115.37 points in the second 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 March of 2023.

Productivity in the United States is expected to be 113.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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United States Nonfarm Labour Productivity



Calendar GMT Actual Previous Consensus TEForecast
2023-02-02 01:30 PM Nonfarm Productivity QoQ Prel Q4 3% 1.4% 2.4% 2.2%
2023-03-02 01:30 PM Nonfarm Productivity QoQ Final Q4 1.7% 1.2% 2.6% 3.0%
2023-09-07 12:30 PM Nonfarm Productivity QoQ Final Q2


Related Last Previous Unit Reference
Unemployment Rate 3.60 3.40 percent Feb 2023
Non Farm Payrolls 311.00 504.00 Thousand Feb 2023
Government Payrolls 46.00 118.00 Thousand Feb 2023
Nonfarm Payrolls Private 265.00 386.00 Thousand Feb 2023
Manufacturing Payrolls -4.00 13.00 Thousand Feb 2023
Initial Jobless Claims 192.00 212.00 Thousand Mar 2023
Continuing Jobless Claims 1684.00 1713.00 Thousand Mar 2023
Unemployed Persons 5936.00 5694.00 Thousand Feb 2023
Employed Persons 160315.00 160138.00 Thousand Feb 2023
Average Hourly Earnings 0.20 0.30 percent Feb 2023
Average Weekly Hours 34.50 34.60 Hours Feb 2023
Labor Force Participation Rate 62.50 62.40 percent Feb 2023
Long Term Unemployment Rate 0.64 0.67 percent Feb 2023
Youth Unemployment Rate 8.10 8.00 percent Feb 2023
Labour Costs 128.93 127.92 points Dec 2022
Productivity 113.25 112.79 points Dec 2022
Job Vacancies 10767.00 9957.00 Thousand Jan 2023
Job Offers 10824.00 11234.00 Thousand Jan 2023
Wages 28.42 28.26 USD/Hour Feb 2023
Wages in Manufacturing 25.76 25.93 USD/Hour Feb 2023
Employment Cost Index 1.00 1.20 percent Dec 2022
Jobless Claims 4-week Average 196.50 197.25 Thousand Mar 2023
Part Time Employment 27089.00 27400.00 Thousand Feb 2023
Employment Rate 60.20 60.20 percent Feb 2023
Full Time Employment 133184.00 132577.00 Thousand Feb 2023

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
113.25 112.79 115.37 26.24 1950 - 2022 points Quarterly
2012=100, SA

News Stream
US Q4 Productivity Growth Revised Lower
Nonfarm business sector labor productivity growth in the United States was revised lower to 1.7 percent in the fourth quarter of 2022, down from a preliminary estimate of 3.0 percent and compared with the previous period's 1.2 percent increase. Output grew 3.1 percent (vs a preliminary 3.5 percent) and hours worked were up 1.4 percent (vs a preliminary 0.5 percent). On a yearly basis, productivity decreased 1.8 percent in the final three months of 2022, reflecting a 0.7 percent expansion in output and a 2.6 percent advance in hours worked. Considering 2022 full year, annual average productivity decreased 1.7 percent, the largest decline since 1974, when productivity also decreased 1.7 percent.
2023-03-02
US Productivity Rises More than Forecast in Q4
Nonfarm business sector labor productivity in the United States increased 3.0 percent in the fourth quarter of 2022, following an upwardly revised 1.4 percent advance in the previous three-month period and beating market expectations of 2.4 percent, a preliminary estimate showed. Output grew 3.5 percent (vs 3.6 percent in Q3) and hours worked were up 0.5 percent (vs 2.3 percent in Q3). On a yearly basis, productivity decreased 1.5 percent in the final three months of 2022, reflecting a 0.8 percent expansion in output and a 2.3 percent advance in hours worked. Considering 2022 full year, annual average productivity decreased 1.3 percent, the largest decline since 1974, when productivity decreased 1.7 percent.
2023-02-02
US Labor Productivity Revised Higher
Nonfarm labor productivity in the US rose by an annualized 0.8 percent in the third quarter of 2022, well above preliminary estimates of a 0.3 percent increase and rebounding from the 4.1 percent slump in the previous quarter. It was the first period of growth in labor productivity since the fourth quarter of 2021, as output rose by 3.3 percent (vs -1.2 percent in Q2) while hours worked increased by a slower 2.5 percent (vs 2.9 percent). Year-on-year, nonfarm business sector labor productivity fell by 1.3 percent, revised slightly lower from preliminary estimates of a 1.4 percent drop and easing from the 2.1 percent retreat in the second quarter.
2022-12-07