US Productivity (I:USP)
Level Chart
Basic Info
|
US Productivity is at 0.30%, compared to 3.50% last quarter and -0.30% last year. This is lower than the long term average of 2.17%. |
|
US Productivity measures the quarter over quarter percent change of labor productivity, measured as output per hour worked, of non-farm business employees. As productivity per hour worked grow in the long run, the results reflect positively on the overall economy. Through the 2000s, the increased usage of technology in the workplace led to more productive hours worked. |
| Report | Labor Productivity and Costs |
| Categories | Employment , Hours and Wages |
| Region | United States |
| Source | Bureau of Labor Statistics |
Stats
| Last Value | 0.30% |
| Latest Period | Mar 2024 |
| Last Updated | May 2 2024, 08:34 EDT |
| Next Release | Jun 6 2024, 08:30 EDT (R) |
| Long Term Average | 2.17% |
| Average Growth Rate | -139.9% |
| Value from Last Quarter | 3.50% |
| Change from Last Quarter | -91.43% |
| Value from 1 Year Ago | -0.30% |
| Change from 1 Year Ago | N/A |
| Frequency | Quarterly |
| Unit | Percent |
| Adjustment | Seasonally Adjusted Annual Rate |
| Download Source File | Upgrade |
| Notes | Alias for "US Change in Output Per Hour: Nonfarm Business" in same report. |
Historical Data
| Date | Value |
|---|---|
| March 31, 2024 | 0.30% |
| December 31, 2023 | 3.50% |
| September 30, 2023 | 4.60% |
| June 30, 2023 | 3.30% |
| March 31, 2023 | -0.30% |
| December 31, 2022 | 2.10% |
| September 30, 2022 | 0.00% |
| June 30, 2022 | -3.70% |
| March 31, 2022 | -5.70% |
| December 31, 2021 | 2.60% |
| September 30, 2021 | -2.50% |
| June 30, 2021 | -0.10% |
| March 31, 2021 | 2.50% |
| December 31, 2020 | -3.30% |
| September 30, 2020 | 5.80% |
| June 30, 2020 | 19.90% |
| March 31, 2020 | -0.90% |
| December 31, 2019 | 3.60% |
| September 30, 2019 | 4.40% |
| June 30, 2019 | 2.60% |
| March 31, 2019 | 3.10% |
| December 31, 2018 | -0.60% |
| September 30, 2018 | 1.20% |
| June 30, 2018 | 0.00% |
| March 31, 2018 | 1.50% |
| Date | Value |
|---|---|
| December 31, 2017 | 3.00% |
| September 30, 2017 | 3.80% |
| June 30, 2017 | -0.40% |
| March 31, 2017 | 0.20% |
| December 31, 2016 | 2.40% |
| September 30, 2016 | 1.80% |
| June 30, 2016 | -0.30% |
| March 31, 2016 | 1.30% |
| December 31, 2015 | -1.60% |
| September 30, 2015 | -0.10% |
| June 30, 2015 | 1.10% |
| March 31, 2015 | 4.10% |
| December 31, 2014 | -1.80% |
| September 30, 2014 | 3.90% |
| June 30, 2014 | 4.20% |
| March 31, 2014 | -3.90% |
| December 31, 2013 | 3.10% |
| September 30, 2013 | 2.00% |
| June 30, 2013 | -1.40% |
| March 31, 2013 | 2.40% |
| December 31, 2012 | -1.40% |
| September 30, 2012 | -0.90% |
| June 30, 2012 | 2.00% |
| March 31, 2012 | 0.60% |
| December 31, 2011 | 2.80% |
Basic Info
|
US Productivity is at 0.30%, compared to 3.50% last quarter and -0.30% last year. This is lower than the long term average of 2.17%. |
|
US Productivity measures the quarter over quarter percent change of labor productivity, measured as output per hour worked, of non-farm business employees. As productivity per hour worked grow in the long run, the results reflect positively on the overall economy. Through the 2000s, the increased usage of technology in the workplace led to more productive hours worked. |
| Report | Labor Productivity and Costs |
| Categories | Employment , Hours and Wages |
| Region | United States |
| Source | Bureau of Labor Statistics |
Stats
| Last Value | 0.30% |
| Latest Period | Mar 2024 |
| Last Updated | May 2 2024, 08:34 EDT |
| Next Release | Jun 6 2024, 08:30 EDT (R) |
| Long Term Average | 2.17% |
| Average Growth Rate | -139.9% |
| Value from Last Quarter | 3.50% |
| Change from Last Quarter | -91.43% |
| Value from 1 Year Ago | -0.30% |
| Change from 1 Year Ago | N/A |
| Frequency | Quarterly |
| Unit | Percent |
| Adjustment | Seasonally Adjusted Annual Rate |
| Download Source File | Upgrade |
| Notes | Alias for "US Change in Output Per Hour: Nonfarm Business" in same report. |