Productivity Decreased 4.2% in Q4 2020

Washington, DC, March 4, 2021-Nonfarm business sector labor productivity decreased 4.2% in the Q4 2020, the U.S. Bureau of Labor Statistics reported, as output increased 5.5% and hours worked increased 10.1%. 

From Q4 2019 to Q4 2020, nonfarm business sector labor productivity increased 2.4%, reflecting a 2.6% decline in output and a 4.9% decline in hours worked.