Nonfarm labor productivity in the US fell by an annualized 4.2 percent in the last quarter of 2020, less than initial estimates of a 4.8 percent decline. Still, it remains the biggest decline in productivity since the second quarter of 1981. Output increased 5.5 percent and hours worked rose 10.1 percent. Year-on-year, nonfarm business sector labor productivity increased 2.4 percent, reflecting a 2.6 percent decline in output and a 4.9 percent drop in hours worked. It compares with initial estimates of a 2.5 percent rise. source: U.S. Bureau of Labor Statistics

Productivity in the United States averaged 61.84 points from 1950 until 2020, reaching an all time high of 112.48 points in the third quarter of 2020 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 March of 2021.

Productivity in the United States is expected to be 110.50 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 111.00 in 12 months time. In the long-term, the United States Nonfarm Labour Productivity is projected to trend around 111.00 points in 2022 and 112.00 points in 2023, according to our econometric models.

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United States Nonfarm Labour Productivity

Actual Previous Highest Lowest Dates Unit Frequency
111.09 112.29 112.29 25.99 1950 - 2020 points Quarterly
2012=100, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-05 01:30 PM Nonfarm Productivity QoQ Prel Q3 4.9% 10.6% 5.6% 5%
2020-12-08 01:30 PM Nonfarm Productivity QoQ Final Q3 4.6% 10.6% 4.9% 5%
2021-02-04 01:30 PM Nonfarm Productivity QoQ Prel Q4 -4.8% 5.1% -2.8% -2.5%
2021-03-04 01:30 PM Nonfarm Productivity QoQ Final Q4 -4.2% 4.2% -4.7% -4.8%
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News Stream
US Productivity Falls Less than Initially Expected
Nonfarm labor productivity in the US fell by an annualized 4.2 percent in the last quarter of 2020, less than initial estimates of a 4.8 percent decline. Still, it remains the biggest decline in productivity since the second quarter of 1981. Output increased 5.5 percent and hours worked rose 10.1 percent. Year-on-year, nonfarm business sector labor productivity increased 2.4 percent, reflecting a 2.6 percent decline in output and a 4.9 percent drop in hours worked. It compares with initial estimates of a 2.5 percent rise.
2021-03-04
US Productivity Falls the Most since 1981
Nonfarm labor productivity in the US fell by an annualized 4.8 percent in the last quarter of 2020, following an upwardly revised 5.1 percent increase in the previous period, preliminary estimates showed. It is the biggest decrease in productivity since a 5.1 percent drop in the second quarter of 1981. Output went up 5.3 percent and hours worked increased 10.7 percent. Durable goods manufacturing productivity increased 5.3 percent and nondurable goods one was unchanged. Year-on-year, labor productivity increased 2.5 percent, reflecting a 2.7 percent decline in output and a 5 percent drop in hours worked.
2021-02-04
US Labor Productivity Rises Less than Initially Thought
Nonfarm business sector labor productivity in the US rose by an annualized 4.6 percent in the third quarter of 2020, below a preliminary estimate of 4.9 percent growth and following a 10.6 percent increase in the second quarter, which was the fastest since 1971. Output and hours worked were up by the most since the series began in 1947, recovering from the previous period's record slumps. Manufacturing sector labor productivity increased at a 19.9 percent annual rate in the July to September period. Year-on-year, nonfarm business productivity advanced 4.0 percent, reflecting a 3.4 percent contraction in output and a 7.1 percent decline in hours worked.
2020-12-08
US Labour Productivity Rises Less than Expected
Labor productivity in the US non-farm business sector rose by an annualized 4.9 percent in the third quarter of 2020, following an upwardly revised 10.6 percent increase in Q2 which was the fastest since 1971. Figures came below market forecasts of a 5.6 percent gain, preliminary estimates showed. Still, it was the second consecutive large increase in the productivity since 2009. Output went up 43.5 percent and hours worked rose 36.8 percent.
2020-11-05

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.