Posted February 2, 2017

Productivity increased in Q4

Nonfarm business sector labor productivity increased at a 1.3-percent annual rate during the fourth quarter of 2016.

The U.S. Bureau of Labor Statistics reported that output increased 2.2 percent and hours worked increased 0.9 percent.

Manufacturing sector labor productivity increased 0.7 percent in the quarter, as output increased 0.8 percent and hours worked were unchanged. Output per hour increased 0.1 percent in the durable goods manufacturing sector and 1.8 percent in the nondurable goods sector. Over the last four quarters, manufacturing sector productivity increased 0.4 percent, output increased 0.2 percent, and hours worked decreased 0.2 percent.