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Productivity

News Releases

Labor Productivity

Productivity increases 3.2% in Q4 2023; unit labor costs increase 0.4% (annual rates)

03/07/2024

Productivity increased 3.2 percent in the nonfarm business sector in the fourth quarter of 2023; unit labor costs increased 0.4 percent (seasonally adjusted annual rates). In manufacturing, productivity increased 1.3 percent and unit labor costs increased 5.3 percent.
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Productivity falls in 30 of 46 wholesale and retail trade industries in 2022

05/25/2023

Retail trade productivity decreased 0.4 percent in 2022, the first decline since 2008. Wholesale trade productivity fell 1.2 percent with hours worked growing at a higher rate than output. Unit labor costs grew in both retail trade and wholesale trade.
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Productivity increases in 15 of 30 selected service-providing industries in 2022

06/29/2023

Labor productivity rose in 15 of 30 selected service-providing industries in 2022. Output increased in 18 industries while hours worked rose in 22 industries.
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Productivity falls in 37 states and the District of Columbia in 2022

05/25/2023

Labor productivity declined in 37 states and the District of Columbia in 2022. Output increased in 43 states and the District and hours worked increased in 48 states and the District.
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Productivity falls in 69 of 91 manufacturing and mining industries in 2022

04/27/2023

Labor productivity decreased in 66 of the 86 NAICS 4-digit manufacturing industries and in 3 of the 5 mining industries in 2022. Output rose in 48 of the 91 manufacturing and mining industries while hours worked rose in 79 industries. Forty-one industries increased both output and hours worked.
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Total Factor Productivity

Total factor productivity increased 0.7% in 2023, following a 1.6% decrease in 2022

03/21/2024

Total factor productivity increased 0.7 percent in the private nonfarm business sector in 2023 as output increased 2.6 percent and combined inputs increased 1.9 percent.
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Total factor productivity up in 78 of 86 4-digit NAICS manufacturing industries in 2021

08/31/2023

Total factor productivity rose in 78 of 86 4-digit NAICS manufacturing industries in 2021, up from 25 industries in 2020. Among the two measured transportation industries, total factor productivity increased in both air transportation and line-haul railroads.
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Total factor productivity increases in 9 out of 21 major industries in 2022

11/21/2023

In 2022, total factor productivity increased in 9 out of 21 major industries, led by service providing industries.
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Labor Productivity

Total Factor Productivity