Productivity Flat for Q4, Output Rose 3.2%
Washington, DC, March 7, 2018-Nonfarm business sector labor productivity growth was revised to 0.0% in the fourth quarter of 2017, the U.S. Bureau of Labor Statistics reported, as output increased 3.2% and hours worked increased 3.3%.
From the fourth quarter of 2016 to the fourth quarter of 2017, productivity increased 1.1%, reflecting a 3.2% increase in output and a 2.1% increase in hours worked.
Annual average productivity increased 1.2% from 2016 to 2017.
Unit labor costs in the nonfarm business sector increased 2.5% in the fourth quarter of 2017, and increased 1.7% over the last four quarters.