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. source: U.S. Bureau of Labor Statistics

Productivity in the United States averaged 63.50 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 February 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
2022-12-07 01:30 PM Nonfarm Productivity QoQ Final Q3 0.8% -4.1% 0.6% 0.3%
2023-02-02 01:30 PM Nonfarm Productivity QoQ Prel Q4 3% 1.4% 2.4% 2.2%
2023-09-07 12:30 PM Nonfarm Productivity QoQ Final Q2


Related Last Previous Unit Reference
Unemployment Rate 3.50 3.60 percent Dec 2022
Non Farm Payrolls 223.00 256.00 Thousand Dec 2022
Nonfarm Payrolls Private 220.00 202.00 Thousand Dec 2022
Government Payrolls 3.00 54.00 Thousand Dec 2022
Manufacturing Payrolls 8.00 8.00 Thousand Dec 2022
Initial Jobless Claims 183.00 186.00 Thousand Jan 2023
Continuing Jobless Claims 1655.00 1666.00 Thousand Jan 2023
Unemployed Persons 5722.00 6000.00 Thousand Dec 2022
Employed Persons 159244.00 158527.00 Thousand Dec 2022
Average Hourly Earnings 0.30 0.40 percent Dec 2022
Average Weekly Hours 34.30 34.40 Hours Dec 2022
Labor Force Participation Rate 62.30 62.20 percent Dec 2022
Long Term Unemployment Rate 0.65 0.74 percent Dec 2022
Youth Unemployment Rate 8.20 8.20 percent Dec 2022
Productivity 114.28 113.42 points Dec 2022
Labour Costs 126.80 126.50 points Dec 2022
Job Vacancies 9756.00 10752.00 Thousand Nov 2022
Job Offers 11012.00 10440.00 Thousand Dec 2022
Wages 28.07 28.10 USD/Hour Dec 2022
Wages in Manufacturing 25.66 25.58 USD/Hour Dec 2022
Employment Cost Index 1.00 1.20 percent Dec 2022
Jobless Claims 4-week Average 191.75 197.50 Thousand Jan 2023
Part Time Employment 26794.00 26092.00 Thousand Dec 2022
Full Time Employment 132299.00 132320.00 Thousand Dec 2022
Employment Rate 60.10 59.90 percent Dec 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
114.28 113.42 115.97 26.24 1950 - 2022 points Quarterly
2012=100, SA

News Stream
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
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