May 13, 2022
From the first quarter 2021 to the first quarter 2022, nonfarm business sector labor productivity decreased 0.6 percent, reflecting a 4.2-percent increase in output that was outpaced by a 4.8-percent increase in hours worked. This is the largest over-the-year decline since the fourth quarter of 1993, when the measure also declined 0.6 percent.read full article »
May 12, 2022
Labor productivity rose in 47 of 86 manufacturing industries in 2021. The railroad rolling stock industry had the largest productivity gain, 20.6 percent. Four out of the five mining industries posted productivity gains in 2021, with the greatest increase occurring in coal mining, 18.3 percent.
May 11, 2022
In April 2022, 7.7 percent of employed people teleworked or worked at home for pay because of the COVID-19 pandemic, down 2.3 percentage points from March 2022. In May 2020, when the data were first collected, 35.4 percent of employed people teleworked because of the pandemic and has since trended down.
May 10, 2022
Total nonfarm payroll employment rose by 428,000 in April 2022. Nonfarm employment in April was still 1.2 million below its pre-pandemic level in February 2020. In April 2022, employment in leisure and hospitality increased by 78,000 and is down by 1.4 million since February 2020. Manufacturing added 55,000 jobs in April. Since February 2020, manufacturing employment is down by 56,000.
May 09, 2022
On the last business day of March 2022, there were 11.5 million job openings and 6.0 million unemployed people. This yielded a ratio of unemployed people to job openings of 0.5 for March, compared to 0.6 in February.