Productivity & Output Rose in Q1
Washington, DC, May 3, 2018-Nonfarm business sector labor productivity increased 0.7% during the first quarter of 2018, the U.S. Bureau of Labor Statistics reported, as output increased 2.8% and hours worked increased 2.1%.
From the first quarter of 2017 to the first quarter of 2018, productivity increased 1.3%, reflecting a 3.6% increase in output and a 2.2% increase in hours worked.