First quarter 2011 productivity revised upward
June 06, 2011
During the first quarter of 2011, nonfarm business sector labor productivity—as measured by output per hour—increased at an annual rate of 1.8 percent. The gain in productivity reflects increases of 3.2 percent in output and 1.4 percent in hours worked.
Unit labor costs—defined as the ratio of hourly compensation to labor productivity—in nonfarm businesses rose 0.7 percent in the first quarter of 2011, as a 2.5-percent increase in hourly compensation outpaced the 1.8-percent gain in productivity. Unit labor costs also rose 0.7 percent from the same quarter a year ago.
From the first quarter of 2010 to the first quarter of 2011, output increased 3.2 percent while hours rose 1.9 percent, yielding an increase in productivity of 1.3 percent.
These data are from the BLS Productivity and Costs program. Data in this report are seasonally adjusted annual rates. These estimates are subject to revision. Additional information is available in "Productivity and Costs, First Quarter 2011, Revised" (HTML) (PDF), news release USDL-11-0808. 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. The revised measures were based on more recent source data than were available for the preliminary report.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, First quarter 2011 productivity revised upward on the Internet at https://www.bls.gov/opub/ted/2011/ted_20110606.htm (visited January 23, 2017).
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.