Nonfarm business labor productivity up 1.5 percent since third quarter 2018
December 12, 2019
From the third quarter of 2018 to the third quarter of 2019, nonfarm business labor productivity increased 1.5 percent, reflecting a 2.3-percent increase in output and a 0.9-percent increase in hours worked.
|Measure||12-month percent change|
Real hourly compensation
Unit labor costs
Hourly compensation increased 3.7 percent, and real hourly compensation increased 1.9 percent, over this period, while unit labor costs increased 2.2 percent over the last four quarters.
These data are from the Labor Productivity and Costs program. To learn more, see Productivity and Costs — Third Quarter 2019, Revised. 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, Nonfarm business labor productivity up 1.5 percent since third quarter 2018 on the Internet at https://www.bls.gov/opub/ted/2019/nonfarm-business-labor-productivity-up-1-point-5-percent-since-third-quarter-2018.htm (visited January 16, 2021).
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