Productivity, output, and hours worked, fourth quarter 2011
February 03, 2012
Nonfarm business sector labor productivity increased at a 0.7-percent annual rate during the fourth quarter of 2011. From the fourth quarter of 2010 to the fourth quarter of 2011, productivity grew 0.5 percent, as output rose 2.3 percent and hours rose 1.8 percent. Annual average productivity increased 0.7 percent from 2010 to 2011.
Over the last four quarters, manufacturing productivity increased 1.7 percent. Output for durable goods manufacturing increased by 7.4 percent compared to the same time last year.
Annual average productivity grew 2.8 percent from 2010 to 2011. Unit labor costs in manufacturing increased 1.6 percent in the fourth quarter of 2011 but decreased 1.1 percent from the same quarter a year ago.
These data are from the BLS Productivity and Costs program. Data in this report are seasonally adjusted annual rates. These estimates are subject to revision. To learn more, see "Productivity and Costs, Fourth Quarter and Annual Averages 2011, Preliminary" (HTML) (PDF), news release USDL-12-0162. 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.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity, output, and hours worked, fourth quarter 2011 on the Internet at https://www.bls.gov/opub/ted/2012/ted_20120203.htm (visited June 25, 2017).
Recent editions of Spotlight on Statistics
STEM occupations: past, present, and future
A look at employment and wages in science, technology, engineering, and mathematics occupations.
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.