Nonfarm business labor productivity, first quarter 2012
May 04, 2012
From the first quarter of 2011 to the first quarter of 2012, labor productivity increased 0.5 percent in the nonfarm business sector, as output and hours worked rose 2.8 percent and 2.2 percent, respectively.
Unit labor costs in nonfarm businesses rose 2.1 percent from the first quarter of 2011 to the first quarter of 2012.
Manufacturing sector productivity increased 2.5 percent from the first quarter of 2011 to the first quarter of 2012. Unit labor costs in manufacturing decreased 1.3 percent from the same quarter a year ago.
These data, from the Labor Productivity and Costs program, are seasonally adjusted and are subject to revision. To learn more, see "Productivity and Costs — First Quarter 2012, Preliminary" (HTML) (PDF), news release USDL-12-0815. Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours of all persons, including employees, proprietors, and unpaid family workers. Unit labor costs are the ratio of hourly compensation to labor productivity.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Nonfarm business labor productivity, first quarter 2012 on the Internet at http://www.bls.gov/opub/ted/2012/ted_20120504.htm (visited July 25, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.