Labor Productivity Rose by 2.2% in Q3 2024

Washington, DC, November 7, 2024-Nonfarm business sector labor productivity increased 2.2% in Q3 2024, the U.S. Bureau of Labor Statistics reported, as output increased 3.5% and hours worked increased 1.2%. 

From the same quarter a year ago, nonfarm business sector labor productivity increased 2.0% in Q3 2024.