Nonfarm labor productivity in the US fell an annualized 5.0 percent in the third quarter of 2021, the most since 1981 and more than market expectations of a 3.0 percent drop and after an upwardly revised 2.4 percent gain in the prior period. Output increased 1.7 percent (vs 8.5 percent in Q2) and hours worked jumped 7.0 percent (vs 5.9 percent). Year-on-year, nonfarm business sector labor productivity decreased 0.5 percent, following an upwardly revised 1.9 percent advance in the second quarter. source: U.S. Bureau of Labor Statistics

Productivity in the United States averaged 62.29 points from 1950 until 2021, reaching an all time high of 112.76 points in the second 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 December of 2021.

Productivity in the United States is expected to be 112.20 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 114.50 points in 2022 and 116.00 points in 2023, according to our econometric models.

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United States Nonfarm Labour Productivity


Calendar GMT Actual Previous Consensus TEForecast
2021-09-02 12:30 PM Nonfarm Productivity QoQ Final Q2 2.1% 4.3% 2.4% 2.3%
2021-11-04 12:30 PM Nonfarm Productivity QoQ Prel Q3 -5% 2.4% -3% -1.4%


Related Last Previous Unit Reference
Unemployment Rate 4.20 4.60 percent Nov/21
Non Farm Payrolls 210.00 546.00 Thousand Nov/21
Nonfarm Payrolls Private 235.00 628.00 Thousand Nov/21
Government Payrolls -25.00 -82.00 Thousand Nov/21
Manufacturing Payrolls 31.00 48.00 Thousand Nov/21
Initial Jobless Claims 222.00 194.00 Thousand Nov/21
Continuing Jobless Claims 1956.00 2063.00 Thousand Nov/21
Unemployed Persons 6877.00 7419.00 Thousand Nov/21
Employed Persons 155175.00 154039.00 Thousand Nov/21
Average Hourly Earnings 0.30 0.40 percent Nov/21
Average Weekly Hours 34.80 34.70 Hours Nov/21
Labor Force Participation Rate 61.80 61.60 percent Nov/21
Long Term Unemployment Rate 1.35 1.44 percent Nov/21
Youth Unemployment Rate 8.60 8.70 percent Nov/21
Labour Costs 120.92 118.55 points Sep/21
Productivity 111.33 112.76 points Sep/21
Job Vacancies 10507.00 10679.00 Thousand Sep/21
Job Offers 10438.00 10629.00 Thousand Sep/21
Wages 26.40 26.26 USD/Hour Nov/21
Wages in Manufacturing 24.27 24.24 USD/Hour Nov/21
Employment Cost Index 1.30 0.70 percent Sep/21
Part Time Employment 25948.00 25906.00 Thousand Nov/21
Full Time Employment 129260.00 128306.00 Thousand Nov/21
Employment Rate 59.20 58.80 percent Nov/21
Jobless Claims 4-week Average 238.75 251.00 Thousand Nov/21

News Stream
US Q3 Labor Productivity Falls the Most Since 1981
Nonfarm labor productivity in the US fell an annualized 5.0 percent in the third quarter of 2021, more than market expectations of a 3.0 percent drop and after an upwardly revised 2.4 percent gain in the prior period. Output increased 1.7 percent (vs 8.5 percent in Q2) and hours worked jumped 7.0 percent (vs 5.9 percent). Year-on-year, nonfarm business sector labor productivity decreased 0.5 percent, following an upwardly revised 1.9 percent advance in the second quarter.
2021-11-04
US Labour Productivity Below Expectations
Nonfarm labor productivity in the US rose by an annualized 2.1 percent in the second quarter of 2021, below a preliminary estimate of a 2.3 percent increase and after a 4.3 percent gain in the prior period. Output increased 8.1 percent (vs 8.4 percent in Q1) and hours worked increased 6.0 percent (vs 4 percent). Year-on-year, nonfarm business sector labor productivity increased 1.8 percent, easing from a 4.1 percent advance.
2021-09-02
US Q2 Labor Productivity Growth Below Forecasts
Nonfarm business sector labor productivity in the US rose by an annualized 2.3 percent in the second quarter of 2021, easing from a 4.3 percent increase in the previous period and missing market expectations of 3.5 percent growth. Output advanced 7.9 percent (vs 8.4 percent in Q1) and hours worked increased 5.5 percent (vs 4.0 percent in Q1). Manufacturing sector labor productivity went up 6.9 percent (vs -1.3 percent in Q1), as output expanded 3.8 percent and hours worked decreased 2.9 percent. Although productivity also increased in both manufacturing subsectors, these gains reflected different underlying conditions. In the durable manufacturing sector, productivity grew by 4.6 percent as a contraction in output was outpaced by a decrease in hours worked. In contrast, nondurable manufacturing sector productivity increased 7.8 percent as output grew faster than hours worked. Year-on-year, labor productivity rose by 1.9 percent, the least since the first quarter of 2020.
2021-08-10

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.