Labor Productivity Unchanged in Q1

Washington, DC, June 5, 2017- Nonfarm business sector labor productivity was unchanged during the first quarter of 2017, the U.S. Bureau of Labor Statistics reported, as both output and hours worked increased 1.7%.

From the first quarter of 2016 to the first quarter of 2017, productivity increased 1.2%, reflecting a 2.5% increase in output and a 1.3% increase in hours worked.

Unit labor costs in the nonfarm business sector increased 2.2% in the first quarter of 2017, reflecting a 2.2% increase in hourly compensation; productivity was unchanged. Unit labor costs increased 1.1% over the last four quarters.