February 08, 2013
Nonfarm business sector labor productivity decreased at a 2.0-percent annual rate during the fourth quarter of 2012. The decrease in productivity reflects increases of 0.1 percent in output and 2.2 percent in hours worked.
|Percent change from corresponding quarter of previous year|
2012 IV (p)
From the fourth quarter of 2011 to the fourth quarter of 2012, productivity increased 0.6 percent as output and hours rose 2.4 percent and 1.8 percent, respectively.
Annual average productivity increased 1.0 percent from 2011 to 2012.
These data are from the BLS Labor Productivity and Costs program, are seasonally adjusted, and are subject to revision. To learn more, see “Productivity and Costs — Fourth Quarter and Annual Averages 2012, Preliminary,” (HTML) (PDF), news release USDL-13-0192. Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours worked of all persons, including employees, proprietors, and unpaid family members.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity, output, and hours worked, fourth quarter 2012 on the Internet at http://www.bls.gov/opub/ted/2013/ted_20130208.htm (visited January 31, 2015).
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