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Q4 2023
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US Nonfarm Business Labor Productivity Growth - Quarterly
US Productivity
increased
at an annualized rate of 3.2% in Q4
Released: 07-Mar-24 | Next Release: 06-Jun-24
Q4 2023
3.2%
Q3 2023
5.2%
Change
-2.0%
1 Year
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3 Years
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5 Years
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Productivity and cost measures are regularly revised as more complete information becomes available. The measures are first published within 40 days of the close of the reference period; revisions appear 30 days later, and second revisions after an additional 60 days. In the business sector, the third publication (second revision) of a quarterly index of output per hour of all persons has differed from the initial value by between -1.4 and 1.4 index points approximately 95 percent of the time. This interval is based on the performance of this measure between the fourth quarter of 1995 and the third quarter of 2020.

View Full Release from U.S. Bureau of Labor Statistics
Source: U.S. Bureau of Labor Statistics