United States: Nonfarm Business Labor Productivity & Cost (YoY) - Output per Hour (SA)

Macro

2026-08-07

Description

The U.S. Output per Hour (SA) in nonfarm businesses is released by the Bureau of Labor Statistics (BLS) and measures the amount of output produced per hour worked by employees in U.S. nonfarm businesses. This indicator is crucial for understanding economic growth, corporate profitability, and labor market dynamics.

An increase in output per hour typically indicates higher labor productivity, meaning more goods or services are produced in the same or less time, which helps reduce unit production costs and enhance corporate competitiveness. Conversely, a decrease in output per hour may signal weakening labor productivity, leading to higher production costs and reduced profitability.

This data is released quarterly, reflecting changes in output per hour in U.S. nonfarm businesses.

Published by
U.S. Bureau of Labor Statistics (Choice)
Frequency
Monthly
Next Update
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AI Data Insight

In Q2 2026, the year-over-year growth rate of US nonfarm business labor productivity reached 2.2%. Although it slowed from the previous 2.9%, the annualized quarterly growth rate reached 1.4%, still far exceeding market expectations. Benefiting from the introduction of AI and automation, businesses achieved output expansion with only a slight increase in hours worked, effectively curbing unit labor costs. However, the share of labor compensation in GDP hit a record low, which may become a hidden worry for medium- to long-term consumption momentum.

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AI Data Insight

In Q2 2026, the year-over-year growth rate of US nonfarm business labor productivity reached 2.2%. Although it slowed from the previous 2.9%, the annualized quarterly growth rate reached 1.4%, still far exceeding market expectations. Benefiting from the introduction of AI and automation, businesses achieved output expansion with only a slight increase in hours worked, effectively curbing unit labor costs. However, the share of labor compensation in GDP hit a record low, which may become a hidden worry for medium- to long-term consumption momentum.

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Macro
Description

The U.S. Output per Hour (SA) in nonfarm businesses is released by the Bureau of Labor Statistics (BLS) and measures the amount of output produced per hour worked by employees in U.S. nonfarm businesses. This indicator is crucial for understanding economic growth, corporate profitability, and labor market dynamics.

An increase in output per hour typically indicates higher labor productivity, meaning more goods or services are produced in the same or less time, which helps reduce unit production costs and enhance corporate competitiveness. Conversely, a decrease in output per hour may signal weakening labor productivity, leading to higher production costs and reduced profitability.

This data is released quarterly, reflecting changes in output per hour in U.S. nonfarm businesses.

Published by
U.S. Bureau of Labor Statistics (Choice)
Frequency
Monthly
Next Update
Hashtags