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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.

Over-the-year change in hours, output, and labor productivity,
Over-the-year change in hours, output, and labor productivity, nonfarm business sector, first quarter 2007–first quarter 2012
QuarterPercent change from corresponding quarter of previous year
HoursOutputLabor productivity (Output per hour)

2007 III

-1.43.44.8

2007 IV

-1.00.91.9

2008 I

-1.1-3.6-2.6

2008 II

-2.00.42.4

2008 III

-4.4-5.2-0.8

2008 IV

-9.7-12.7-3.4

2009 I

-9.9-5.05.5

2009 II

-8.7-2.56.8

2009 III

-4.70.35.2

2009 IV

0.35.25.0

2010 I

0.63.32.7

2010 II

3.32.8-0.5

2010 III

1.75.13.3

2010 IV

1.93.91.9

2011 I

1.9-0.1-2.0

2011 II

2.23.41.2

2011 III

1.01.60.6

2011 IV

2.45.32.8

2012 I

3.22.7-0.5

2012 II

0.22.11.9

2012 III

1.33.21.9

 

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.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity, output, and hours worked, third quarter of 2012 at https://www.bls.gov/opub/ted/2012/ted_20121106.htm (visited October 10, 2024).

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