Productivity, output, and hours worked, third quarter of 2012
November 06, 2012
Nonfarm business labor productivity increased at a 1.9-percent annual rate during the third quarter of 2012. The rise in productivity reflects increases of 3.2 percent in output and 1.3 percent in hours worked.
|Quarter||Percent change from corresponding quarter of previous year|
|Hours||Output||Labor productivity (Output per hour)|
From the third quarter of 2011 to the third quarter of 2012, productivity increased 1.5 percent, as output and hours worked rose 3.3 percent and 1.8 percent, respectively.
These data are from the BLS Labor Productivity and Costs program, are seasonally adjusted annual rates, and are subject to change. To learn more, see “Productivity and Costs — Third Quarter 2012, Preliminary,” (HTML) (PDF), news release USDL-12-2163. Labor productivity, or output per hour, 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.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity, output, and hours worked, third quarter of 2012 on the Internet at http://www.bls.gov/opub/ted/2012/ted_20121106.htm (visited January 25, 2015).
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