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United States Productivity
Last Release
Dec 31, 2022
Actual
114.28
Units In
Points
Previous
113.27
Frequency
Quarterly
Next Release
N/A
Time to Release
N/A
Highest | Lowest | Average | Date Range | Source |
114.28 Dec 2022 | 25.97 Mar 1950 | 63.15 Points | 1950-2022 | U.S. Bureau of Labor Statistics |
In the United States, the productivity of nonfarm workers is measured as the output of goods and services per hour worked. Labor productivity is calculated by dividing an index of real output by an index of hours worked of all persons, including employees, proprietors, and unpaid family workers.
Latest Updates
Nonfarm business sector labor productivity in the United States increased 3.0 percent in the fourth quarter of 2022, following an upwardly revised 1.4 percent advance in the previous three-month period and beating market expectations of 2.4 percent, a preliminary estimate showed. Output grew 3.5 percent (vs 3.6 percent in Q3) and hours worked were up 0.5 percent (vs 2.3 percent in Q3). On a yearly basis, productivity decreased 1.5 percent in the final three months of 2022, reflecting a 0.8 percent expansion in output and a 2.3 percent advance in hours worked. Considering 2022 full year, annual average productivity decreased 1.3 percent, the largest decline since 1974, when productivity decreased 1.7 percent.
United States Productivity History
Last 12 readings
A Look at the Markets
United States Labour Indicators
All United States indicatorsIndicator | Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|---|
Adp Employment Change | 106 Jan 2023 | 253 Dec 2022 | -19,392 Apr 2020 | 4,350 Jun 2020 | Thousand | Monthly | 2001-2023 |
Average Hourly Earnings | 0.3 Jan 2023 | 0.4 Dec 2022 | -1.3 Jun 2020 | 4.6 Apr 2020 | % | Monthly | 2006-2023 |
Average Hourly Earnings YoY | 4.4 Jan 2023 | 4.8 Dec 2022 | 0.3 Apr 2021 | 8.2 Apr 2020 | % | Monthly | 2007-2023 |
Average Weekly Hours | 34.7 Jan 2023 | 34.4 Dec 2022 | 33.7 Jun 2009 | 35 Jan 2021 | Hours | Monthly | 2006-2023 |
Challenger Job Cuts | 102,943 Jan 2023 | 43,651 Dec 2022 | 14,875 Nov 2021 | 671,129 Apr 2020 | Persons | Monthly | 1994-2023 |
Continuing Jobless Claims | 1,655 Jan 2023 | 1,666 Jan 2023 | 988 May 1969 | 23,128 May 2020 | Thousand | Weekly | 1967-2023 |
Employment Cost Index | 1 Dec 2022 | 1.2 Sep 2022 | 0.2 Jun 2015 | 2 Sep 1982 | % | Quarterly | 1982-2022 |
Employment Cost Index Benefits | 0.8 Dec 2022 | 1 Sep 2022 | 0.1 Mar 1997 | 2.7 Sep 1982 | N/A | 1982-2022 | |
Employment Cost Index Wages | 1 Dec 2022 | 1.3 Sep 2022 | 0.2 Jun 2015 | 1.6 Sep 1982 | N/A | 1982-2022 | |
Employment Rate | 60.2 Jan 2023 | 60.1 Dec 2022 | 51.3 Apr 2020 | 64.7 Apr 2000 | % | Monthly | 1948-2023 |
Full Time Employment | 132,577 Jan 2023 | 132,299 Dec 2022 | 64,640 Jan 1968 | 132,800 May 2022 | Thousand | Monthly | 1968-2023 |
Government Payrolls | 74 Jan 2023 | -9 Dec 2022 | -921 Apr 2020 | 452 Aug 2020 | Thousand | Monthly | 1939-2023 |
Initial Jobless Claims | 183 Jan 2023 | 186 Jan 2023 | 162 Nov 1968 | 6,149 Apr 2020 | Thousand | Weekly | 1967-2023 |
Job Offers | 11,012 Dec 2022 | 10,458 Nov 2022 | 2,232 Jul 2009 | 11,549 Mar 2022 | Thousand | Monthly | 2000-2022 |
Job Quits | 4,087 Dec 2022 | 4,102 Nov 2022 | 1,555 Aug 2009 | 4,510 Nov 2021 | Thousand | Monthly | 2000-2022 |
Job Vacancies | 9,957 Dec 2022 | 9,756 Nov 2022 | 2,157 Dec 2009 | 12,086 Jul 2022 | Thousand | Monthly | 2000-2022 |
Jobless Claims 4-week Average | 191.75 Jan 2023 | 197.5 Jan 2023 | 170.5 Apr 2022 | 5,288.25 Apr 2020 | Thousand | Weekly | 1967-2023 |
Labor Force Participation Rate | 62.4 Jan 2023 | 62.3 Dec 2022 | 58.1 Dec 1954 | 67.3 Jan 2000 | % | Monthly | 1948-2023 |
Labour Costs | 126.8 Dec 2022 | 126.6 Sep 2022 | 17.01 Mar 1950 | 127.98 Mar 2022 | Points | Quarterly | 1950-2022 |
Long Term Unemployment Rate | 0.67 Jan 2023 | 0.65 Dec 2022 | 0.08 May 1953 | 4.4 Apr 2010 | % | Monthly | 1948-2023 |
Manufacturing Payrolls | 19 Jan 2023 | 12 Dec 2022 | -1,715 Sep 1945 | 655 Apr 1946 | Thousand | Monthly | 1939-2023 |
Minimum Wages | 7.25 Dec 2022 | 7.25 Dec 2021 | 0.25 Dec 1938 | 7.25 Dec 2009 | USD/Hour | Yearly | 1938-2022 |
Non Farm Payrolls | 517 Jan 2023 | 260 Dec 2022 | -20,679 Apr 2020 | 4,846 Jun 2020 | Thousand | Monthly | 1939-2023 |
Nonfarm Payrolls Private | 443 Jan 2023 | 269 Dec 2022 | -19,572 Apr 2020 | 4,510 Jun 2020 | Thousand | Monthly | 1939-2023 |
Pandemic Unemployment Assistance Claims | 0.9 Dec 2021 | 1.55 Dec 2021 | 0.9 Dec 2021 | 1,352.29 May 2020 | Thousand | Weekly | 2020-2021 |
Part Time Employment | 27,400 Jan 2023 | 26,794 Dec 2022 | 10,086 Jan 1968 | 28,134 Jul 2013 | Thousand | Monthly | 1968-2023 |
Population | 334.23 Dec 2022 | 332.4 Dec 2021 | 76.09 Dec 1900 | 334.23 Dec 2022 | Million | Yearly | 1900-2022 |
Productivity | 114.28 Dec 2022 | 113.27 Sep 2022 | 25.97 Mar 1950 | 114.28 Dec 2022 | Points | Quarterly | 1950-2022 |
Retirement Age Men | 66.33 Dec 2022 | 66.17 Dec 2021 | 66 Dec 2009 | 66.33 Dec 2022 | Yearly | 2009-2022 | |
Retirement Age Women | 66.33 Dec 2022 | 66.17 Dec 2021 | 66 Dec 2009 | 66.33 Dec 2022 | Yearly | 2009-2022 | |
Unemployed Persons | 5,694 Jan 2023 | 5,722 Dec 2022 | 1,596 May 1953 | 23,038 Apr 2020 | Thousand | Monthly | 1948-2023 |
Unemployment Rate | 3.4 Jan 2023 | 3.5 Dec 2022 | 2.5 May 1953 | 14.7 Apr 2020 | % | Monthly | 1948-2023 |
Wage Growth | 5.28 Dec 2022 | 6.17 Nov 2022 | -5.88 Mar 2009 | 15.31 Apr 2021 | % | Monthly | 1960-2022 |
Wages | 28.26 Jan 2023 | 28.19 Dec 2022 | 2.5 Jan 1964 | 28.26 Jan 2023 | USD/Hour | Monthly | 1964-2023 |
Wages In Manufacturing | 25.93 Jan 2023 | 25.65 Dec 2022 | 1.27 Jan 1950 | 25.93 Jan 2023 | USD/Hour | Monthly | 1950-2023 |
Youth Unemployment Rate | 8 Jan 2023 | 8.2 Dec 2022 | 4.8 May 1951 | 27.4 Apr 2020 | % | Monthly | 1948-2023 |
Productivity across North America
Productivity global viewCountry | Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|---|
108.45 Sep 2022 | 106.98 Jun 2022 | 67.26 Sep 1981 | 126.77 Jun 2020 | Points | Quarterly | 1981-2022 | |
99.2 Nov 2022 | 98.6 Oct 2022 | 80.3 May 2020 | 104.7 Mar 2014 | Points | Monthly | 2007-2022 | |
114.28 Dec 2022 | 113.27 Sep 2022 | 25.97 Mar 1950 | 114.28 Dec 2022 | Points | Quarterly | 1950-2022 |