Productivity increased 1.2 percent from Q2 2016 to Q2 2017
August 11, 2017
From the second quarter of 2016 to the second quarter of 2017, productivity increased 1.2 percent, reflecting a 2.7-percent increase in output and a 1.5-percent increase in hours worked. Real hourly compensation decreased 0.9 percent over the same period.
|Measure||Nonfarm business||Business||Manufacturing||Durable manufacturing||Nondurable manufacturing|
Real hourly compensation
Unit labor costs
Labor productivity in manufacturing increased 1.0 percent from the second quarter of 2016 to the second quarter of 2017, as output increased 1.5 percent and hours worked increased 0.4 percent. Real hourly compensation in manufacturing declined 0.8 percent over that period.
These data are from the Labor Productivity and Costs program. To learn more, see “Productivity and Costs — Second Quarter 2017, Preliminary,” (HTML) (PDF). Also see Charts related to the latest "Productivity and Costs" news release. Labor productivity is calculated by dividing inflation-adjusted output by hours worked for all employees, business owners, and unpaid family workers. Unit labor costs are calculated as the ratio of hourly compensation to labor productivity.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity increased 1.2 percent from Q2 2016 to Q2 2017 on the Internet at https://www.bls.gov/opub/ted/2017/productivity-increased-1-point-2-percent-from-q2-2016-to-q2-2017.htm (visited June 01, 2020).
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