Productivity, output, and hours worked, third quarter of 2012
November 06, 2012
Nonfarm business labor productivity increased at a 1.9-percent annual rate during the third quarter of 2012. The rise in productivity reflects increases of 3.2 percent in output and 1.3 percent in hours worked.
|Quarter||Percent change from corresponding quarter of previous year|
|Hours||Output||Labor productivity (Output per hour)|
From the third quarter of 2011 to the third quarter of 2012, productivity increased 1.5 percent, as output and hours worked rose 3.3 percent and 1.8 percent, respectively.
These data are from the BLS Labor Productivity and Costs program, are seasonally adjusted annual rates, and are subject to change. To learn more, see “Productivity and Costs — Third Quarter 2012, Preliminary,” (HTML) (PDF), news release USDL-12-2163. 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 worked, third quarter of 2012 on the Internet at http://www.bls.gov/opub/ted/2012/ted_20121106.htm (visited July 01, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.