United States Productivity

Last Release

Sep 30, 2023

Actual

110.85

Units In

Points

114.02

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
114.02 Jun 2023	25.97 Mar 1950	63.65 Points	1950-2023	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 advanced by 4.7% in the third quarter of 2023, accelerating from an upwardly revised 3.6% rise in Q3 and more than market expectations of a 3.1% increase, preliminary estimates showed. The increase in labor productivity is the highest rate since the third quarter of 2020, in which productivity increased 5.7 percent. Output grew by 5.9% while hours worked were up by 1.1%. From the same quarter a year ago, nonfarm business sector labor productivity increased by 2.2%.