Labor Productivity Rose 3.2% in Q4
Washington, DC, March 7, 2024-Nonfarm business sector labor productivity increased 3.2% in Q4 2023, the U.S. Bureau of Labor Statistics reported, as output increased 3.5% and hours worked increased 0.3%.
From the same quarter a year ago, nonfarm business sector labor productivity increased 2.6%. Annual average productivity increased 1.3% from 2022 to 2023.