Chart 1. Labor productivity: percent changes from previous quarter, Q4 2019–Q2 2023
Quarter Labor productivity (annualized percent change)

Q4 2019

2.3

Q1 2020

-0.5

Q2 2020

17.3

Q3 2020

6.5

Q4 2020

-3.5

Q1 2021

3.4

Q2 2021

2.3

Q3 2021

-3.0

Q4 2021

3.0

Q1 2022

-6.0

Q2 2022

-3.7

Q3 2022

1.2

Q4 2022

1.6

Q1 2023

-1.2

Q2 2023

3.5

Note: Q1 = first quarter, Q2 = second quarter, Q3 = third quarter, Q4 = fourth quarter. Data are for the nonfarm business sector.

Source: U.S. Bureau of Labor Statistics.