Productivity, output, and hours worked, third quarter 2013
November 15, 2013
Nonfarm business sector labor productivity increased at a 1.9 percent annual rate during the third quarter of 2013. The increase in productivity reflects increases of 3.7 percent in output and 1.7 percent in hours worked.
|Year and quarter||Percent change|
From the third quarter of 2012 to the third quarter of 2013, productivity was unchanged as a 1.8 percent increase in output was matched by a 1.8 percent increase in hours worked.
These data are from the BLS Labor Productivity and Costs program, are seasonally adjusted, and are subject to revision. To learn more, see “Productivity and Costs — Third Quarter 2013, Preliminary,” (HTML) (PDF), news release USDL-13-2149. Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours worked for 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 2013 on the Internet at http://www.bls.gov/opub/ted/2013/ted_20131115.htm (visited May 26, 2016).
Recent editions of Spotlight on Statistics
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.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.