November 15, 2013
Nonfarm business sector labor productivity increased at a 1.9 percent annual rate during the third quarter of 2013. The increase in productivity reflects increases of 3.7 percent in output and 1.7 percent in hours worked.
|Year and quarter||Percent change|
From the third quarter of 2012 to the third quarter of 2013, productivity was unchanged as a 1.8 percent increase in output was matched by a 1.8 percent increase in hours worked.
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 — Third Quarter 2013, Preliminary,” (HTML) (PDF), news release USDL-13-2149. Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours worked for all persons, including employees, proprietors, and unpaid family workers.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity, output, and hours worked, third quarter 2013 on the Internet at http://www.bls.gov/opub/ted/2013/ted_20131115.htm (visited March 03, 2015).
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