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Labor productivity in the nonfarm business sector increased 0.3 percent in first quarter 2024, following increases of 3.3 percent, 4.6 percent, and 3.5 percent in the prior three quarters. The rise in labor productivity in first quarter 2024 resulted from a 1.3-percent increase in output combined with a 1.0-percent increase in hours worked. read more »
Even though U.S. employment has increased since the second quarter of 2020, the average weekly hours worked of employees has declined. Is it unusual for average weekly hours worked to decline while we experience sustained job growth, and what may be contributing to this trend? read more »
This article describes two adjustments to self-employment hours that will improve quarterly measures of labor productivity. read more »
This Spotlight looks at some short- and long-term state-level trends for labor productivity, output, and hours worked, and labor compensation. read more »