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Productivity

News Releases

Labor Productivity

Productivity increases 2.2% in Q3 2024; unit labor costs increase 1.9% (annual rates)

11/07/2024

Productivity increased 2.2 percent in the nonfarm business sector in the third quarter of 2024; unit labor costs increased 1.9 percent (seasonally adjusted annual rates). In manufacturing, productivity increased 1.0 percent and unit labor costs increased 5.3 percent.
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Productivity falls in 25 of 46 wholesale and retail trade industries in 2023

05/30/2024

Wholesale trade productivity fell 1.6 percent with hours worked growing at a higher rate than output. Retail trade productivity increased 1.6 percent in 2023, rebounding from the decline in 2022. Unit labor costs rose 6.4 percent in wholesale trade and 0.5 percent in retail trade.
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Productivity increases in 15 of 30 selected service-providing industries in 2023

06/27/2024

Labor productivity rose in 15 of 30 selected service-providing industries in 2023. Output increased in 16 industries while hours worked rose in 14 industries.
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Productivity rises in 36 states in 2023

05/30/2024

Labor productivity increased in 36 states in 2023. Output increased in 47 states and the District of Columbia and hours worked increased in 42 states and the District.
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Productivity falls in 63 of 91 manufacturing and mining industries in 2023

04/25/2024

Labor productivity decreased in 60 of the 86 NAICS 4-digit manufacturing industries and in 3 of the 5 mining industries in 2023. Output fell in 74 of the 91 manufacturing and mining industries while hours worked fell in 45 industries. Thirty-eight industries decreased 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 12 out of 21 major industries in 2023

12/04/2024

In 2023, total factor productivity increased in 12 out of 21 major industries, led by the mining and retail trade industries.
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Labor Productivity

Total Factor Productivity