Productivity Up 3.1% in Q3

Washington, DC, November 3, 2016—Nonfarm business sector labor productivity increased at a 3.1% annual rate during the third quarter of 2016, the U.S. Bureau of Labor Statistics has reported, as output increased 3.4% and hours worked increased 0.3%.

The quarterly increase in nonfarm business sector labor productivity was the first increase after three consecutive declines in the measure.

From the third quarter of 2015 to the third quarter of 2016, productivity was unchanged.