Productivity, output, and hours in the second quarter of 2012
August 09, 2012
From the second quarter of 2011 to the second quarter of 2012, nonfarm business sector labor productivity increased 1.1 percent, as output rose 2.9 percent and hours worked rose 1.8 percent.
Over the last four quarters, manufacturing productivity increased 2.9 percent, as output increased 5.6 percent and hours rose 2.6 percent. Durable goods manufacturing productivity increased 6.2 percent, as output rose 9.7 percent and hours rose 3.3 percent.
These data, from the Labor Productivity and Costs program, are seasonally adjusted and are subject to revision. To learn more, see "Productivity and Costs — Second Quarter 2012, Preliminary" (HTML) (PDF), news release USDL-12-1588. Labor productivity, or output per hour, 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.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity, output, and hours in the second quarter of 2012 on the Internet at http://www.bls.gov/opub/ted/2012/ted_20120809.htm (visited October 23, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.