Name: United States Nonfarm Labor Productivity
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: United States,Productivity,data,chart,actual,historical,values,calendar,forecast,graph,2024,2025,2026

Productivity in the United States increased to 114.48 points in the third quarter of 2024 from 113.85 points in the second quarter of 2024. Productivity in the United States averaged 60.18 points from 1947 until 2024, reaching an all time high of 114.48 points in the third quarter of 2024 and a record low of 22.07 points in the third quarter of 1947. source: U.S. Bureau of Labor Statistics

Productivity in the United States is expected to be 115.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Nonfarm Labor Productivity is projected to trend around 120.00 points in 2026 and 122.00 points in 2027, according to our econometric models.

Related	Last	Previous	Unit	Reference
Average Hourly Earnings MoM	0.30	0.40	percent	Dec 2024
Average Weekly Hours	34.30	34.30	Hours	Dec 2024
Continuing Jobless Claims	1899.00	1853.00	Thousand	Jan 2025
Employed Persons	161661.00	161183.00	Thousand	Dec 2024
Employment Cost Index	0.80	0.90	percent	Sep 2024
Employment Rate	60.00	59.80	percent	Dec 2024
Full Time Employment	133510.00	133423.00	Thousand	Dec 2024
Government Payrolls	33.00	30.00	Thousand	Dec 2024
Initial Jobless Claims	223.00	217.00	Thousand	Jan 2025
JOLTs Job Openings	8098.00	7839.00	Thousand	Nov 2024
Job Openings	7660.00	8261.00	Thousand	Nov 2024
Jobless Claims 4-week Average	213.50	212.75	Thousand	Jan 2025
Participation Rate	62.50	62.50	percent	Dec 2024
Labour Costs	121.98	121.40	points	Sep 2024
Long Term Unemployment Rate	0.92	0.98	percent	Dec 2024
Manufacturing Payrolls	-13.00	25.00	Thousand	Dec 2024
Non Farm Payrolls	256.00	212.00	Thousand	Dec 2024
Nonfarm Payrolls Private	223.00	182.00	Thousand	Dec 2024
Part Time Employment	27918.00	27671.00	Thousand	Dec 2024
Productivity	114.48	113.85	points	Sep 2024
Unemployed Persons	6886.00	7121.00	Thousand	Dec 2024
Unemployment Rate	4.10	4.20	percent	Dec 2024
Wages	30.62	30.56	USD/Hour	Dec 2024
Wages in Manufacturing	28.34	28.29	USD/Hour	Dec 2024
Youth Unemployment Rate	9.00	9.40	percent	Dec 2024

United States Nonfarm Labor Productivity

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.