Chart 7. Average recovery of output and hours worked since peak for all recessions between 1947 and 2023
Quarters since peak Productivity index Output index Hours worked index

0

100.0 100.0 100.0

1

100.1 99.1 99.0

2

100.6 97.4 96.8

3

101.7 98.5 96.8

4

102.5 98.9 96.5

5

103.7 100.0 96.4

6

104.8 101.5 96.8

7

105.7 103.1 97.5

8

106.0 103.9 98.0

9

106.5 105.1 98.7

10

107.1 106.2 99.1

11

107.4 106.7 99.4

12

107.9 107.7 99.7

13

108.6 108.9 100.2

Note: Labor productivity, output, and hours worked are indexed to be 100 at peak. Data are for the nonfarm business sector.

Source: U.S. Bureau of Labor Statistics.