Productivity
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Latest Numbers
Labor Productivity and Costs: Major Sectors
NONFARM BUSINESS SECTOR:
Labor productivity (output per hour)
+3.5%(r) in 2nd Qtr of 2023
Hourly compensation
+5.7%(r) in 2nd Qtr of 2023
Unit labor costs
+2.2%(r) in 2nd Qtr of 2023
Real value-added output
+1.9%(r) in 2nd Qtr of 2023
Hours worked
-1.5%(r) in 2nd Qtr of 2023
MANUFACTURING SECTOR:
Labor productivity (output per hour)
+2.9%(r) in 2nd Qtr of 2023
Hourly compensation
+8.0%(r) in 2nd Qtr of 2023
Unit labor costs
+4.9%(r) in 2nd Qtr of 2023
Real sectoral output
+0.8%(r) in 2nd Qtr of 2023
Hours worked
-2.1%(r) in 2nd Qtr of 2023
Total Factor Productivity
PRIVATE BUSINESS SECTOR:
Total factor productivity
+3.2% in 2021
PRIVATE NONFARM BUSINESS SECTOR:
Total factor productivity
+3.2% in 2021
MANUFACTURING SECTOR:
Total factor productivity
-2.1% in 2020