Labor Productivity Rose 0.3% in Q3 2022

Washington, DC, November 3, 2022- Nonfarm business sector labor productivity increased 0.3% in Q3 2022, the U.S. Bureau of Labor Statistics reported today, as output increased 2.8% and hours worked increased 2.4%, according to the Bureau of Labor Statistics. 

From the same quarter a year ago, nonfarm business sector labor productivity decreased 1.4%, reflecting a 1.9% increase in output and a 3.4% increase in hours worked. The 1.4% four-quarter decline is the first instance of three consecutive declines in this measure since 1982.