Productivity Rose 5.4% in Q1 2021

Washington, DC, June 3, 2021-Nonfarm business sector labor productivity increased 5.4% in Q1 2021, the U.S. Bureau of Labor Statistics reported, as output increased 8.6% and hours worked increased 3.0%. 

From Q1 2020 to Q1 2021, nonfarm business sector labor productivity increased 4.1%, reflecting a 1.1% increase in output and a 2.9% decline in hours worked.