Labor productivity, first quarter 2013
May 03, 2013
From the first quarter of 2012 to the first quarter of 2013, nonfarm business sector labor productivity increased 0.9 percent. The increase in productivity reflects increases of 2.5 percent in output and 1.5 percent in hours.
|Nonfarm business||Business||Manufacturing||Durable manufacturing||Nondurable manufacturing|
Over the last four quarters, manufacturing sector productivity increased 1.7 percent, as output and hours worked rose 2.6 percent and 0.9 percent, respectively.
These data are from the BLS Productivity and Costs program and are seasonally adjusted and subject to revision. To learn more, see "Productivity and Costs, First Quarter 2013, Preliminary" (HTML) (PDF), news release USDL–13–0784. Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours of all persons, including employees, proprietors, and unpaid family workers.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Labor productivity, first quarter 2013 on the Internet at http://www.bls.gov/opub/ted/2013/ted_20130503.htm (visited October 02, 2014).
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