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Productivity
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Productivity Home Page
The Office of Productivity and Technology (OPT) measures labor productivity and total factor productivity. Productivity is a measure of economic performance that compares the amount of goods and services produced (output) to the amount of inputs used to produce those goods and services. Labor productivity uses the number of hours worked as it’s input. Total factor productivity (TFP), also known as multifactor productivity (MFP), uses combined inputs that include labor, capital, energy, materials, and purchased services.
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NONFARM BUSINESS SECTOR:
Labor productivity (output per hour)
+1.7%(r) in 4th Qtr of 2022
Hourly compensation
+4.9%(r) in 4th Qtr of 2022
Unit labor costs
+3.2%(r) in 4th Qtr of 2022
Real value-added output
+3.1%(r) in 4th Qtr of 2022
Hours worked
+1.4%(r) in 4th Qtr of 2022
MANUFACTURING SECTOR:
Labor productivity (output per hour)
-2.7%(r) in 4th Qtr of 2022
Hourly compensation
+4.8%(r) in 4th Qtr of 2022
Unit labor costs
+7.7%(r) in 4th Qtr of 2022
Real sectoral output
-3.0%(r) in 4th Qtr of 2022
Hours worked
-0.4%(r) in 4th Qtr of 2022
Historical Data
News Release
Latest News Release
//ECOPRO ZUNI3PO Test 11/2/2020// ECOPRO News Release
09/01/2020
//ECOPRO ZUNI3PO Test 11/2/2020// Employment is projected to grow 10.8 percent from 2012 to 2022, adding 15.6 million jobs.
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Publications
The Economics Daily
Import petroleum and coal prices up 61.3 percent for the year ended in April 2021
Prices for U.S. imports increased 10.6 percent for the year ended in April 2021. This was the largest increase since a gain of 11.1 percent for the year ended in October 2011. Prices for imported manufactured goods increased 5.9 percent over the past year. Within manufactured goods, prices for imported petroleum and coal products increased 61.3 percent, while primary metal prices increased 42.6 percent and food manufacturing prices were up 8.3 percent over this 12-month period. read more »
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