Nonfarm business sector labor productivity in the United States rose by 1.5% in the fourth quarter of 2024, above the preliminary estimate of a 1.2% increase and following an upwardly revised 2.9% advance. Output grew by 2.4%, while hours worked rose by 0.8%. On an annual basis, labor productivity increased by 2%. For the full year of 2024, average productivity saw a 2.7% increase, above the preliminary reading of 2.3%. source: U.S. Bureau of Labor Statistics

Nonfarm Productivity QoQ in the United States decreased to 1.50 percent in the fourth quarter of 2024 from 2.90 percent in the third quarter of 2024. Nonfarm Productivity QoQ in the United States averaged 2.21 percent from 1947 until 2024, reaching an all time high of 20.90 percent in the second quarter of 2020 and a record low of -11.70 percent in the third quarter of 1947. This page includes a chart with historical data for the United States Nonfarm Productivity Qoq. United States Nonfarm Productivity QoQ - data, historical chart, forecasts and calendar of releases - was last updated on March of 2025.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-02-06 01:30 PM Nonfarm Productivity QoQ Prel Q4 1.2% 2.3% 1.4% 1.9%
2025-03-06 01:30 PM Nonfarm Productivity QoQ Final Q4 1.5% 2.9% 1.2% 1.2%
2025-05-08 12:30 PM Nonfarm Productivity QoQ Prel Q1 1.5%


Related Last Previous Unit Reference
ADP Employment Change 77.00 186.00 Thousand Feb 2025
Average Hourly Earnings MoM 0.30 0.40 percent Feb 2025
Average Hourly Earnings YoY 4.00 3.90 percent Feb 2025
Average Weekly Hours 34.10 34.10 Hours Feb 2025
Challenger Job Cuts 172017.00 49795.00 Persons Feb 2025
Continuing Jobless Claims 1892.00 1859.00 Thousand Mar 2025
Employed Persons 163307.00 163895.00 Thousand Feb 2025
Employment Cost Index 0.90 0.80 percent Dec 2024
Employment Cost - Benefits 0.80 0.80 percent Dec 2024
Employment Cost - Wages 0.90 0.80 percent Dec 2024
Employment Rate 59.90 60.10 percent Feb 2025
Full Time Employment 134676.00 135896.00 Thousand Feb 2025
Government Payrolls 11.00 44.00 Thousand Feb 2025
Hiring Plans Announcements 34580.00 6089.00 Persons Feb 2025
Initial Jobless Claims 223.00 221.00 Thousand Mar 2025
Job Layoffs and Discharges 1635.00 1669.00 Thousand Jan 2025
JOLTs Job Openings 7740.00 7508.00 Thousand Jan 2025
JOLTs Job Quits 3266.00 3095.00 Thousand Jan 2025
Job Quits Rate 2.10 1.90 Percent Jan 2025
Job Openings 7821.00 6970.00 Thousand Jan 2025
Jobless Claims 4-week Average 227.00 226.25 Thousand Mar 2025
Participation Rate 62.40 62.60 percent Feb 2025
Labour Costs 120.64 119.98 points Dec 2024
Long Term Unemployment Rate 0.85 0.85 percent Feb 2025
Manufacturing Payrolls 10.00 -5.00 Thousand Feb 2025
Minimum Wages 7.25 7.25 USD/Hour Dec 2025
Non Farm Payrolls 151.00 125.00 Thousand Feb 2025
Nonfarm Payrolls Private 140.00 81.00 Thousand Feb 2025
Nonfarm Productivity 1.50 2.90 percent Dec 2024
Part Time Employment 28511.00 27901.00 Thousand Feb 2025
Population 341.15 338.51 Million Dec 2024
Productivity 115.66 115.23 points Dec 2024
Retirement Age Men 66.83 66.67 Years Dec 2025
Retirement Age Women 66.83 66.67 Years Dec 2025
U-6 Unemployment Rate 8.00 7.50 percent Feb 2025
Unemployed Persons 7052.00 6849.00 Thousand Feb 2025
Unemployment Rate 4.10 4.00 percent Feb 2025
Unit Labour Costs 2.20 -1.50 percent Dec 2024
Wage Growth 4.46 5.11 percent Jan 2025
Wages 30.89 30.80 USD/Hour Feb 2025
Wages in Manufacturing 28.64 28.54 USD/Hour Feb 2025
Youth Unemployment Rate 9.70 9.00 percent Feb 2025

United States Nonfarm Productivity QoQ
In the United States, the productivity of nonfarm workers is measured as the output of goods and services per hour worked. Labor productivity 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.
Actual Previous Highest Lowest Dates Unit Frequency
1.50 2.90 20.90 -11.70 1947 - 2024 percent Quarterly
SA


News Stream
US Q4 Productivity Growth Revised Higher
Nonfarm business sector labor productivity in the United States rose by 1.5% in the fourth quarter of 2024, above the preliminary estimate of a 1.2% increase and following an upwardly revised 2.9% advance. Output grew by 2.4%, while hours worked rose by 0.8%. On an annual basis, labor productivity increased by 2%. For the full year of 2024, average productivity saw a 2.7% increase, above the preliminary reading of 2.3%.
2025-03-06
US Q4 Productivity Growth Below Expectations
US nonfarm business sector labor productivity increased by 1.2% in the fourth quarter of 2024, following a revised 2.3% growth in the previous quarter and falling short of market expectations of a 1.4% rise, a preliminary estimate showed. Output grew by 2.3%, while hours worked rose by 1.0%. On an annual basis, labor productivity increased by 1.6%. For the full year of 2024, average productivity saw a 2.3% increase.
2025-02-06
US Q3 Productivity Growth Confirmed at 2.2% in Q3
Nonfarm business sector labor productivity in the United States rose by 2.2% in the third quarter of 2024, the most so far this year, and in line with the preliminary estimate. It follows a 2.1% increase in Q2. Output and hours worked were also unrevised, increasing 3.5% and 1.2% respectively. Both the business sector and manufacturing sector experienced widespread productivity gains, at 1.7% and 0.9%, respectively. Year-on-year, labor productivity increased by 2% in the third quarter.
2024-12-10