United States Nonfarm Labour Productivity

Productivity in the United States decreased to 111.09 points in the fourth quarter of 2020 from 112.48 points in the third quarter of 2020. Productivity in the United States averaged 61.84 points from 1950 until 2020, reaching an all time high of 112.48 points in the third quarter of 2020 and a record low of 25.99 points in the first quarter of 1950. 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. This page provides - United States Productivity - actual values, historical data, forecast, chart, statistics, economic calendar and news.
SOURCE: 🇺🇸 United States

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