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Labor productivity up 1.8 percent from the second quarter of 2018 to the second quarter of 2019
August 20, 2019
Nonfarm business sector labor productivity increased 1.8 percent from the second quarter of 2018 to the second quarter of 2019, reflecting a 2.6-percent increase in output and a 0.8-percent increase in hours worked. This was the largest over the-year increase since a 2.2-percent gain from the first quarter of 2014 to the first quarter of 2015.
Percent change in productivity and costs by sector, second quarter 2018 to second quarter 2019
Sector
Nonfarm business
Business
Manufacturing
Durable goods
Nondurable goods
Labor productivity (output per hour)
1.8%
1.8%
0.2%
0.7%
-0.1%
Output
2.6
2.7
0.4
1.4
-0.7
Hours worked
0.8
0.9
0.2
0.7
-0.6
Hourly compensation
4.3
4.3
4.5
4.4
4.5
Real hourly compensation
2.5
2.4
2.6
2.5
2.6
Unit labor costs
2.5
2.5
4.3
3.6
4.6
Over the last four quarters, unit labor costs in the nonfarm business sector increased 2.5 percent, compared with a 1.5-percent increase from the first quarter of 2018 to the first quarter of 2019.
From the second quarter of 2018 to the second quarter of 2019, total manufacturing sector productivity increased 0.2 percent, as output increased 0.4 percent and hours worked increased 0.2 percent.
United States Department of Labor
