Looking at the Growing Productivity of American Workers for Labor ...

Labor Day celebrates the dedication, achievements, and hard work of the American workforce. Here at the Bureau of Labor Statistics, ...

In Brief: The Recent Rise in US Labor Productivity

Labor productivity measures the output produced per hour of work. Productivity growth is central to economic growth, as it enables workers to “ ...

Productivity Home Page : U.S. Bureau of Labor Statistics

News Releases · Total factor productivity increased 0.7% in 2023, following a 1.6% decrease in 2022. 03/21/2024 · Total factor productivity increases in 9 out of ...

HOT TOPIC: Can Productivity Keep Driving the U.S. Economy?

Increases in labor productivity are typically driven by improved tools and technology, more efficient processes and organizations, and increased worker ...

What's behind the rise in labor productivity? - YouTube

Business sector productivity — the output per American worker — has grown more than 3% for three consecutive quarters, according to the U.S. ...

Productivity Growth Still Benefits American Workers; Saying It Doesn ...

For virtually our entire history, Americans have supported increased productivity, even as it led to some worker displacement, because they ...

Opinion | Are American Workers' Wages Really Lagging Productivity?

Labor productivity, the heart of the issue, is the output per hour of work. If you work late to finish a project one week, you're not more ...

What is labor productivity, and how has it changed in the US over ...

During this period, increased capital across US industries accounted for another 40% of growth in worker productivity. The remaining growth came ...

Strong US worker productivity keeps labor costs in check in fourth ...

Growth in unit labor costs averaged 2.9% in 2023, slowing from 5.6% in 2022. Hourly compensation increased at a 3.7% pace last quarter. It rose ...

Productivity has grown 3.5 times as much as pay for the typical worker

Growing inequalities, reflecting growing employer power, have generated a productivity–pay gap since 1979: Productivity has grown 3.5 times as ...

America's Labor Productivity Sets it Apart - TD Economics

Since the pandemic, U.S. labor productivity has grown at a robust pace of 1.5% annually. In other advanced economies productivity growth has ...

Labor Productivity: What It Is, Calculation, and How to Improve It

The growth number is derived by dividing the new real GDP of $57 by the previous real GDP of $33. Growth in this labor productivity number can sometimes be ...

American productivity still leads the world - The Economist

But when assessed on a per-hour basis the gap remains sizeable: 73% productivity growth for American workers since 1990 versus 39% in the euro ...

Rekindling US productivity growth for a new era | McKinsey

Regaining historical rates of productivity growth would add $10 trillion to US GDP—a boost needed to confront workforce shortages, debt, ...

US productivity: What impact did COVID-19 have on growth?

US productivity grew more slowly in 2010-19 than in any other decade since World War II. · New research looks at why this slowdown occurred ...

The Productivity–Pay Gap | Economic Policy Institute

The growing gap amid slowing productivity growth tells us that the same set of policies that suppressed pay growth for the vast majority of workers over the ...

Help Wanted: An Economic Productivity Agenda to Boost Workers

Average labor productivity is down 1.8% in the first two years of the Biden Administration and posted an even worse 2.1% annualized drop in Q1 of 2023.

Productivity Growth and Employment | NBER

For individual companies or industries, higher productivity growth may lead to a loss of jobs, Nordhaus says, citing the example of the decline ...

Productivity vs wages: How wages in America have stagnated

In data collected by the Economic Policy Institute, the growth in productivity has more than doubled that of hourly compensation for U.S. ...

U.S. workers have gotten way less productive. No one is sure why.

In the first half of 2022, productivity — the measure of how much output in goods and services an employee can produce in an hour — plunged by ...