Nonfarm labor productivity in the US slumped an annualized 7.5 percent in the first quarter of 2022, much more than market expectations of a 5.4 percent drop and following a downwardly revised 6.3 percent expansion in the previous period. It was the steepest contraction in nonfarm labor productivity since the third quarter of 1947, as output slid 2.4 percent (vs 9.0 percent in Q4 2021) and hours worked jumped 5.5 percent (vs 2.5 percent). Year-on-year, nonfarm business sector labor productivity edged down 0.6 percent, following an upwardly revised 1.9 percent advance. source: U.S. Bureau of Labor Statistics

Productivity in the United States averaged 62.44 points from 1950 until 2021, reaching an all time high of 113.13 points in the fourth quarter of 2021 and a record low of 25.97 points in the first quarter of 1950. This page provides - United States Productivity - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Nonfarm Labour Productivity - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.

Productivity in the United States is expected to be 114.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Nonfarm Labour Productivity is projected to trend around 112.00 points in 2023 and 110.00 points in 2024, according to our econometric models.

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United States Nonfarm Labour Productivity



Calendar GMT Actual Previous Consensus TEForecast
2022-03-03 01:30 PM Nonfarm Productivity QoQ Final Q4 6.6% -3.9% 6.7% 6.6%
2022-05-05 12:30 PM Nonfarm Productivity QoQ Prel Q1 -7.5% 6.3% -5.4% -2.5%


Related Last Previous Unit Reference
Unemployment Rate 3.60 3.60 percent Apr 2022
Non Farm Payrolls 428.00 428.00 Thousand Apr 2022
Government Payrolls 22.00 4.00 Thousand Apr 2022
Nonfarm Payrolls Private 406.00 424.00 Thousand Apr 2022
Manufacturing Payrolls 55.00 43.00 Thousand Apr 2022
Initial Jobless Claims 203.00 202.00 Thousand May 2022
Continuing Jobless Claims 1343.00 1387.00 Thousand Apr 2022
Unemployed Persons 5941.00 5952.00 Thousand Apr 2022
Employed Persons 158105.00 158458.00 Thousand Apr 2022
Average Hourly Earnings 0.30 0.50 percent Apr 2022
Average Weekly Hours 34.60 34.60 Hours Apr 2022
Labor Force Participation Rate 62.20 62.40 percent Apr 2022
Long Term Unemployment Rate 1.07 1.03 percent Feb 2022
Youth Unemployment Rate 7.90 8.20 percent Apr 2022
Productivity 111.00 113.20 points Mar 2022
Labour Costs 126.74 123.31 points Mar 2022
Job Vacancies 11352.00 10853.00 Thousand Mar 2022
Job Offers 11549.00 11344.00 Thousand Mar 2022
Wages 27.12 27.06 USD/Hour Apr 2022
Wages in Manufacturing 24.82 24.68 USD/Hour Apr 2022
Employment Cost Index 1.40 1.00 percent Mar 2022
Jobless Claims 4-week Average 192.75 188.50 Thousand May 2022
Part Time Employment 26091.00 25902.00 Thousand Apr 2022
Full Time Employment 132067.00 132718.00 Thousand Apr 2022
Employment Rate 60.00 60.10 percent Apr 2022

United States Nonfarm Labour Productivity
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.
Actual Previous Highest Lowest Dates Unit Frequency
111.00 113.20 113.20 25.97 1950 - 2022 points Quarterly
2012=100, SA

News Stream
US Labour Productivity Slumps the Most in 75 Years
Nonfarm labor productivity in the US slumped an annualized 7.5 percent in the first quarter of 2022, much more than market expectations of a 5.4 percent drop and following a downwardly revised 6.3 percent expansion in the previous period. It was the steepest contraction in productivity since the third quarter of 1947, as output slid 2.4 percent (vs 9.0 percent in Q4 2021) and hours worked jumped 5.5 percent (vs 2.5 percent). Year-on-year, nonfarm business sector labor productivity edged down 0.6 percent, following an upwardly revised 1.9 percent advance.
2022-05-05
US Labour Productivity Unrevised in Q4
Nonfarm labor productivity in the US rose an annualized 6.6 percent in the fourth quarter of 2021, matching an earlier estimate and following a downwardly revised 3.9 percent decline in the previous period. Figures came slightly below market expectations of a 6.7 percent gain. It was the largest increase in productivity since the second quarter of 2020, as output increased 9.1 percent (vs 2 percent in Q3) and hours worked increased 2.4 percent (vs 6.2 percent). Year-on-year, nonfarm business sector labor productivity advanced 1 percent, compared with a preliminary reading of 2 percent. Productivity increased 1.9 percent in 2021, compared with a 2.4 percent rise in 2020.
2022-03-03
US Labour Productivity Growth Tops Estimates
Nonfarm labor productivity in the US rose an annualized 6.6 percent in the fourth quarter of 2021, well above market expectations of a 3.2 percent increase and after a downwardly revised 5 percent decline in the previous period, preliminary estimates showed. It was the largest increase in productivity since the second quarter of 2020, as output surged by 9.2 percent (vs 2 percent in Q3) and hours worked went up by 2.4 percent (vs 7.3 percent). Year-on-year, nonfarm business sector labor productivity advanced 2 percent. Productivity increased 1.9 percent in 2021, compared with the 2.4% rate in 2020.
2022-02-03