Labor Productivity Rose 1.5% in Q4 2024

Washington, DC, March 6, 2025-Nonfarm business sector labor productivity increased 1.5% in Q4 2024, the U.S. Bureau of Labor Statistics reported, as output increased 2.4% and hours worked increased 0.8%. 

From the same quarter a year ago, nonfarm business sector labor productivity increased 2.0% in Q4 2024. Annual average productivity was revised up 0.4 percentage point to an increase of 2.7% from 2023 to 2024.