Labor productivity in the US non-farm business sector decreased by an annualized 0.9 percent during the first quarter of 2020, compared to a preliminary estimate of a 2.5 percent fall and following a 1.2 percent increase in the previous three-month period. Output slumped 6.5 percent (vs 2.4 percent in Q4) and hours worked fell 5.6 percent (vs 1.2 percent in Q4). Still, manufacturing sector labor productivity edged up 0.3 percent, the first gain since Q1 2019, as output slid 6.3 percent (vs -0.2 percent in Q4) and hours worked declined 6.6 percent (vs 0.5 percent in Q4).
Productivity in the United States averaged 61.30 points from 1950 until 2020, reaching an all time high of 108.28 points in the fourth quarter of 2019 and a record low of 25.99 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 August of 2020.
Productivity in the United States is expected to be 108.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Productivity in the United States to stand at 110.50 in 12 months time. In the long-term, the United States Nonfarm Labour Productivity is projected to trend around 111.00 points in 2021 and 112.00 points in 2022, according to our econometric models.