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Nonfarm business labor productivity up 0.9 percent over the year, third quarter 2014
November 07, 2014
From the third quarter of 2013 to the third quarter of 2014, nonfarm business sector labor productivity rose 0.9 percent, as output increased 3.0 percent and hours increased 2.1 percent.
Productivity, output, and hours, percent change from same quarter a year ago, third quarter 2014
Sector
Productivity
Output
Hours
Nonfarm business
0.9
3.0
2.1
Business
0.6
2.8
2.2
Manufacturing
2.8
4.4
1.5
Durable manufacturing
3.5
6.3
2.7
Nondurable manufacturing
2.7
2.2
-0.5
Over the last four quarters, manufacturing productivity increased 2.8 percent, as output increased 4.4 percent and hours increased 1.5 percent.
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 2014, Preliminary," (HTML) (PDF), news release USDL-14-2036. 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, Nonfarm business labor productivity up 0.9 percent over the year, third quarter 2014 at https://www.bls.gov/opub/ted/2014/ted_20141107.htm (visited October 15, 2024).
United States Department of Labor
