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The Office of Productivity and Technology (OPT) measures how efficiently the U.S. converts inputs into the outputs of goods and services. Measures of labor productivity compare the growth in output to the growth in hours worked and measures of total factor productivity (TFP), also known as multifactor productivity (MFP), compare growth in output to the growth in a combination of inputs that include labor, capital, energy, materials, and purchased services.
Output per Hour
+1.7%(r) in 4th Qtr of 2022
Hourly Compensation
+4.9%(r) in 4th Qtr of 2022
Unit Labor Costs
+3.2%(r) in 4th Qtr of 2022
Output per Hour
-2.7%(r) in 4th Qtr of 2022
Hourly Compensation
+4.8%(r) in 4th Qtr of 2022
Unit Labor Costs
+7.7%(r) in 4th Qtr of 2022
03/02/2023
Productivity increased 1.7 percent in the nonfarm business sector in the fourth quarter of 2022;
unit labor costs increased 3.2 percent (seasonally adjusted annual rates). In manufacturing,
productivity decreased 2.7 percent and unit labor costs increased 7.7 percent.
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Charts
07/28/2022
Retail trade productivity increased 6.6 percent in 2021, slowing from its peak growth in 2020. Wholesale trade productivity rose 5.7 percent, led by growth in durable goods industries. Unit labor costs grew in both retail trade and wholesale trade.
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06/30/2022
Labor productivity rose in 24 of 30 selected service-providing industries in 2021.
Output increased in 27 industries in 2021 while hours worked increased in 18 industries.
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05/26/2022
Labor productivity increased in 39 states and the District of Columbia in 2021. Output increased in all 50 states and the District and hours worked increased in all states but declined in the District.
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04/28/2022
Labor productivity increased in 47 of the 86 NAICS 4-digit manufacturing industries and in 4 mining industries in 2021. Output rose in three-quarters of industries, and two-thirds of industries had growth in hours worked.
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03/24/2022
Total factor productivity increased 3.2 percent in the nonfarm business sector
in 2021 as output increased 7.4 percent and combined inputs increased
4.1 percent.
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11/18/2022
In 2021, total factor productivity increased in 15 out of 21 major industries due to output growth outpacing combined inputs growth.
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08/25/2022
Total factor productivity fell in 60 of 86 4-digit NAICS manufacturing industries in 2020, up from 56 of those industries that fell in 2019.
Among transportation industries, total factor productivity decreased in both air transportation and line-haul railroads.
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