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Productivity

Latest Numbers

Labor Productivity and Costs: Major Sectors

RSS
NONFARM BUSINESS SECTOR:

Labor productivity (output per hour) +1.5%(r) in 4th Qtr of 2024 Historical Data

Hourly compensation +3.8%(r) in 4th Qtr of 2024 Historical Data

Unit labor costs +2.2%(r) in 4th Qtr of 2024 Historical Data

Real value-added output +2.4%(r) in 4th Qtr of 2024 Historical Data

Hours worked +0.8%(r) in 4th Qtr of 2024 Historical Data

MANUFACTURING SECTOR:

Labor productivity (output per hour) +0.3%(r) in 4th Qtr of 2024 Historical Data

Hourly compensation +4.0%(r) in 4th Qtr of 2024 Historical Data

Unit labor costs +3.7%(r) in 4th Qtr of 2024 Historical Data

Real sectoral output -1.3%(r) in 4th Qtr of 2024 Historical Data

Hours worked -1.6%(r) in 4th Qtr of 2024 Historical Data



Total Factor Productivity

RSS
PRIVATE BUSINESS SECTOR:

Total factor productivity +1.3% in 2024 Historical Data

PRIVATE NONFARM BUSINESS SECTOR:

Total factor productivity +1.3% in 2024 Historical Data

MANUFACTURING SECTOR:

Total factor productivity -3.2% in 2023 Historical Data