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 https://www.bls.gov/opub/ted/2012/ted_20120809.htm (visited June 02, 2020).
Recent editions of Spotlight on Statistics
- Meal Appeal: Patterns of Expenditures on Food away from Home
Examines spending on food away from home, such as meals or snacks from restaurants, vending machines, employer cafeterias, or other venues.
- Job Flexibilities and Work Schedules in 2017–18
Examines data on job flexibilities, such as working at home, flexible schedules, and shift work.
- Labor Market Activity of Blacks in the United States
Examines data on the labor market and related topics for the Black or African American population.
- Workers’ Access to and Use of Leave from Their Jobs in 2017–18
Examines the reasons for which workers can take leave, their use of leave, and the reasons they did not take available leave even when they needed to.