Labor productivity up 1.8 percent from the second quarter of 2018 to the second quarter of 2019
August 20, 2019
Nonfarm business sector labor productivity increased 1.8 percent from the second quarter of 2018 to the second quarter of 2019, reflecting a 2.6-percent increase in output and a 0.8-percent increase in hours worked. This was the largest over the-year increase since a 2.2-percent gain from the first quarter of 2014 to the first quarter of 2015.
|Sector||Nonfarm business||Business||Manufacturing||Durable goods||Nondurable goods|
Labor productivity (output per hour)
Real hourly compensation
Unit labor costs
Over the last four quarters, unit labor costs in the nonfarm business sector increased 2.5 percent, compared with a 1.5-percent increase from the first quarter of 2018 to the first quarter of 2019.
From the second quarter of 2018 to the second quarter of 2019, total manufacturing sector productivity increased 0.2 percent, as output increased 0.4 percent and hours worked increased 0.2 percent.
These data are from the Labor Productivity and Costs program. To learn more, see Productivity and Costs — Second Quarter 2019, Preliminary. 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. BLS calculates unit labor costs as the ratio of hourly compensation to labor productivity.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Labor productivity up 1.8 percent from the second quarter of 2018 to the second quarter of 2019 on the Internet at https://www.bls.gov/opub/ted/2019/labor-productivity-up-1-point-8-percent-from-the-second-quarter-of-2018-to-the-second-quarter-of-2019.htm (visited September 19, 2020).
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