Nonfarm business productivity up 1.3 percent third quarter 2017 to 2018
November 05, 2018
From the third quarter of 2017 to the third quarter of 2018, nonfarm business productivity increased 1.3 percent, reflecting a 3.7-percent increase in output and a 2.4-percent increase in hours worked.
|Measure||Business||Nonfarm business||Manufacturing||Durable goods||Nondurable goods|
Labor productivity (output per hour)
Unit labor costs
Real hourly compensation
Over the last four quarters, total manufacturing sector productivity increased 1.3 percent, as output increased 3.4 percent and hours worked increased 2.1 percent. Unit labor costs in manufacturing increased 0.9 percent from the same quarter a year ago.
These data are from the Labor Productivity and Costs program. To learn more, see Productivity and Costs — Third Quarter 2018. Also see Charts related to the latest "Productivity and Costs" news release. Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours worked by all persons, including employees, proprietors, and unpaid family workers.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Nonfarm business productivity up 1.3 percent third quarter 2017 to 2018 on the Internet at https://www.bls.gov/opub/ted/2018/nonfarm-business-productivity-up-1-point-3-percent-third-quarter-2017-to-2018.htm (visited January 21, 2021).
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