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Productivity

News Releases

Labor Productivity

Productivity decreases 4.6% in Q2 2022; unit labor costs increase 10.8% (annual rates)

08/09/2022

Productivity decreased 4.6 percent in the nonfarm business sector in the second quarter of 2022; unit labor costs increased 10.8 percent (seasonally adjusted annual rates). In manufacturing, productivity increased 5.5 percent and unit labor costs decreased 0.5 percent.
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Productivity rises in 37 of 46 wholesale and retail trade industries in 2021

07/28/2022

Retail trade productivity increased 6.6 percent in 2021, slowing from its peak growth in 2020. Wholesale trade productivity rose 5.7 percent, led by growth in durable goods industries. 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 rises in 39 states and the District of Columbia in 2021

05/26/2022

Labor productivity increased in 39 states and the District of Columbia in 2021. Output increased in all 50 states and the District and hours worked increased in all states but declined in the District.
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Productivity rises in 51 of 91 manufacturing and mining industries in 2021

04/28/2022

Labor productivity increased in 47 of the 86 NAICS 4-digit manufacturing industries and in 4 mining industries in 2021. Output rose in three-quarters of industries, and two-thirds of industries had growth in hours worked.
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Total Factor Productivity

Total factor productivity increases 3.2% in private nonfarm business in 2021

03/24/2022

Total factor productivity increased 3.2 percent in the nonfarm business sector in 2021 as output increased 7.4 percent and combined inputs increased 4.1 percent.
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Multifactor productivity fell in 61 of 86 4-digit NAICS manufacturing industries in 2019

08/26/2021

Multifactor productivity fell in 61 of 86 4-digit NAICS manufacturing industries in 2019, up from 37 of the industries in 2018. Among transportation industries, multifactor productivity increased in air transportation and decreased in line-haul railroads.
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Total factor productivity declined in 16 out of 21 major industries in 2020

11/18/2021

In 2020, total factor productivity declined in 16 out of 21 major industries with the largest decline in the arts, entertainment, and recreation industry (-17.9 percent).
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Labor Productivity

Total Factor Productivity