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. source: U.S. Bureau of Labor Statistics

Productivity in the United States averaged 62.20 points from 1950 until 2021, reaching an all time high of 112.70 points in the second quarter of 2021 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 October of 2021.

Productivity in the United States is expected to be 112.90 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
2021-05-06 12:30 PM Nonfarm Productivity QoQ Prel Q1 5.4% -3.8% 4.3% 3.2%
2021-06-03 12:30 PM Nonfarm Productivity QoQ Final Q1 5.4% -3.8% 5.5% 5.4%
2021-08-10 12:30 PM Nonfarm Productivity QoQ Prel Q2 2.3% 4.3% 3.5% 3.2%
2021-09-02 12:30 PM Nonfarm Productivity QoQ Final Q2 2.1% 4.3% 2.4% 2.3%


News Stream
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
US Labour Productivity Unrevised in Q1
Nonfarm labor productivity in the US rose by an annualized 5.4 percent in the first quarter of 2021, unrevised from the preliminary estimate and recovering from a 3.8 percent fall in the previous period. Output increased 8.6 percent and hours worked 2.9 percent. Year-on-year, nonfarm business sector labor productivity increased 4.1 percent, reflecting a 1.1 percent rise in output and a 2.9 percent decline in hours worked.
2021-06-03
US Labour Productivity Rises More than Expected
Nonfarm labor productivity in the US rose by an annualized 5.4 percent in the first quarter of 2021, recovering from a downwardly revised 3.8 percent fall in the previous period and above market expectations of a 4.3 percent increase, preliminary estimates showed. Output increased 8.4 percent and hours worked increased 2.9 percent. Year-on-year, nonfarm business sector labor productivity increased 4.1 percent, reflecting a 1.1 percent increase in output and a 2.9 percent decline in hours worked.
2021-05-06

United States Last Unit Reference Previous Highest Lowest
Unemployment Rate 4.80 percent Sep/21 5.20 14.80 2.50
Non Farm Payrolls 194.00 Thousand Sep/21 366.00 4846.00 -20679.00
Government Payrolls -123.00 Thousand Sep/21 34.00 517.00 -948.00
Nonfarm Payrolls Private 317.00 Thousand Sep/21 332.00 4807.00 -19731.00
Manufacturing Payrolls 26.00 Thousand Sep/21 31.00 655.00 -1715.00
Initial Jobless Claims 293.00 Thousand Oct/21 329.00 6149.00 162.00
Continuing Jobless Claims 2593.00 Thousand Oct/21 2727.00 23128.00 988.00
Unemployed Persons 7674.00 Thousand Sep/21 8384.00 23109.00 1596.00
Employed Persons 153680.00 Thousand Sep/21 153154.00 158735.00 57172.00
Average Hourly Earnings 0.60 percent Sep/21 0.40 4.60 -1.30
Average Weekly Hours 34.80 Hours Sep/21 34.60 35.00 33.70
Labor Force Participation Rate 61.60 percent Sep/21 61.70 67.30 58.10
Long Term Unemployment Rate 1.66 percent Sep/21 1.97 4.40 0.08
Youth Unemployment Rate 9.00 percent Sep/21 9.90 27.40 4.80
Productivity 112.70 points Jun/21 112.10 112.70 25.97
Labour Costs 118.60 points Jun/21 118.23 119.07 17.01
Job Vacancies 10679.00 Thousand Aug/21 11901.00 11901.00 2157.00
Job Offers 10439.00 Thousand Aug/21 11098.00 11098.00 2232.00
Wages 26.15 USD/Hour Sep/21 26.01 26.15 2.50
Wages in Manufacturing 24.24 USD/Hour Sep/21 23.96 24.24 1.27
Employment Cost Index 0.70 percent Jun/21 0.90 2.00 0.20
Jobless Claims 4-week Average 334.25 Thousand Oct/21 344.75 5301.25 179.00
Part Time Employment 25747.00 Thousand Sep/21 25783.00 28134.00 10086.00
Full Time Employment 128027.00 Thousand Sep/21 127436.00 131755.00 64640.00
Employment Rate 58.70 percent Sep/21 58.50 64.70 51.30


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.