Productivity in the United States increased to 111.91 points in the first quarter of 2024 from 111.83 points in the fourth quarter of 2023. Productivity in the United States averaged 59.79 points from 1947 until 2024, reaching an all time high of 111.91 points in the first 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 110.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
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 |
|
|
111.91 |
111.83 |
111.91 |
22.07 |
1947 - 2024 |
points |
Quarterly |
2017=100, SA
|