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Productivity

News Releases

Labor Productivity

Productivity decreases 2.1% in Q1 2023; unit labor costs increase 4.2% (annual rates)

06/01/2023

Productivity decreased 2.1 percent in the nonfarm business sector in the first quarter of 2023; unit labor costs increased 4.2 percent (seasonally adjusted annual rates). In manufacturing, productivity decreased 2.5 percent and unit labor costs increased 3.1 percent.
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Productivity falls in 30 of 46 wholesale and retail trade industries in 2022

05/25/2023

Retail trade productivity decreased 0.4 percent in 2022, the first decline since 2008. Wholesale trade productivity fell 1.2 percent with hours worked growing at a higher rate than output. Unit labor costs grew in both retail trade and wholesale trade.
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Productivity increases in 24 of 30 selected service-providing industries in 2021

06/30/2022

Labor productivity rose in 24 of 30 selected service-providing industries in 2021. Output increased in 27 industries in 2021 while hours worked increased in 18 industries.
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Productivity falls in 37 states and the District of Columbia in 2022

05/25/2023

Labor productivity declined in 37 states and the District of Columbia in 2022. Output increased in 43 states and the District and hours worked increased in 48 states and the District.
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Productivity falls in 69 of 91 manufacturing and mining industries in 2022

04/27/2023

Labor productivity decreased in 66 of the 86 NAICS 4-digit manufacturing industries and in 3 of the 5 mining industries in 2022. Output rose in 48 of the 91 manufacturing and mining industries while hours worked rose in 79 industries. Forty-one industries increased both output and hours worked.
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Total Factor Productivity

Total factor productivity decreases 1.2% in 2022, following a 4.0% increase in 2021

03/23/2023

Total factor productivity decreased 1.2 percent in the private nonfarm business sector in 2022 as output increased 2.3 percent and combined inputs increased 3.6 percent.
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Total factor productivity fell in 60 of 86 4-digit NAICS manufacturing industries in 2020

08/25/2022

Total factor productivity fell in 60 of 86 4-digit NAICS manufacturing industries in 2020, up from 56 of those industries that fell in 2019. Among transportation industries, total factor productivity decreased in both air transportation and line-haul railroads.
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Total factor productivity increased in 15 out of 21 major industries in 2021

11/18/2022

In 2021, total factor productivity increased in 15 out of 21 major industries due to output growth outpacing combined inputs growth.
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Labor Productivity

Total Factor Productivity