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. source: U.S. Bureau of Labor Statistics

Productivity in the United States averaged 61.67 points from 1950 until 2020, reaching an all time high of 112.34 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 December of 2020.

Productivity in the United States is expected to be 109.20 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.

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United States Nonfarm Labour Productivity

Actual Previous Highest Lowest Dates Unit Frequency
112.34 111.08 112.34 25.99 1950 - 2020 points Quarterly
2012=100, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-14 12:30 PM Nonfarm Productivity QoQ Prel Q2 7.3% -0.3% 1.5% 1.2%
2020-09-03 12:30 PM Nonfarm Productivity QoQ Final Q2 10.1% -0.3% 7.5% 7.3%
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%
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News Stream
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
US Productivity Rises More than Initially Thought
Labor productivity in the US non-farm business sector rose by an annualized 10.1 percent during the second quarter of 2020, well above a preliminary estimate of a 7.3 percent increase mainly due to a 1.8 percentage point upward revision to output. Unit labor costs increased 9.0 percent, a smaller increase than previously reported (12.2 percent). This downward revision is largely due to the 2.8 percentage point upward revision to productivity; the remaining revision comes from hourly compensation being revised down 0.4 percentage point, from a 20.4 percent increase to a 20.0 percent increase.
2020-09-03
US Labor Productivity Rises at Fastest Pace in 11 Years
Labor productivity in the US non-farm business sector rose by an annualized 7.3 percent during the second quarter of 2020, rebounding from a downwardly revised 0.3 percent drop in the previous three-month period and beating market expectations of a 1.5 percent increase, a preliminary estimate showed. It was the biggest increase in labour productivity since the second quarter of 2009, as output decreased 38.9 percent (vs -6.4 percent in Q1) and hours worked tumbled 43 percent (vs -6.1 percent in Q1). Still, manufacturing sector labor productivity dropped 15.5 percent, as output plunged 47 percent and hours worked slumped 37.3 percent. These were the largest quarterly declines in each of these series, which begin with data for 1987.
2020-08-14

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.