Productivity up 2.4 percent from first quarter 2018 to first quarter 2019
June 10, 2019
From the first quarter of 2018 to the first quarter of 2019, nonfarm business sector labor productivity increased 2.4 percent, reflecting a 3.9-percent increase in output and a 1.5-percent increase in hours worked. The four-quarter increase in productivity is the largest since a 2.7-percent gain in the third quarter of 2010.
|Sector||Business||Nonfarm business||Manufacturing||Durable goods||Nondurable goods|
Labor productivity (output per hour)
Unit labor costs
Real hourly compensation
Unit labor costs in the nonfarm business sector decreased 0.8 percent over the last four quarters, the lowest four-quarter rate since a 1.7-percent decline in the fourth quarter of 2013.
Over the last four quarters, total manufacturing sector productivity increased 0.8 percent, as output increased 1.6 percent and hours worked increased 0.7 percent.
These data are from the Labor Productivity and Costs program. To learn more, see Productivity and Costs — First 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, Productivity up 2.4 percent from first quarter 2018 to first quarter 2019 on the Internet at https://www.bls.gov/opub/ted/2019/productivity-up-2-point-4-percent-from-first-quarter-2018-to-first-quarter-2019.htm (visited October 21, 2019).
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