Labor Productivity Rose 0.4% in Q1
Washington, DC, June 6, 2018-Nonfarm business sector labor productivity increased 0.4% during the first quarter of 2018, the U.S. Bureau of Labor Statistics reported, as output increased 2.7% and hours worked increased 2.3%.
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 2.3% increase in hours worked.
Unit labor costs in the nonfarm business sector increased 2.9% in the first quarter of 2018,
reflecting a 3.3% increase in hourly compensation and a 0.4% increase in productivity. Unit
labor costs increased 1.3% over the last four quarters.