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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.
Productivity and costs by sector, percent change from 3rd quarter 2017 to 3rd quarter 2018
Measure
Business
Nonfarm business
Manufacturing
Durable goods
Nondurable goods
Labor productivity (output per hour)
1.2%
1.3%
1.3%
1.6%
1.2%
Output
3.6
3.7
3.4
4.0
2.7
Hours worked
2.4
2.4
2.1
2.4
1.5
Unit labor costs
1.5
1.5
0.9
1.1
0.0
Hourly compensation
2.8
2.8
2.2
2.7
1.2
Real hourly compensation
0.1
0.1
-0.4
0.1
-1.4
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.
United States Department of Labor
