Monday, June 5, 2017

Labor productivity unchanged in 1Q 2017 but up 1.2 percent year-on-year

Nonfarm business sector labor productivity was unchanged during the first quarter of 2017, as both output and hours worked increased 1.7 percent. From the first quarter of 2016 to the first quarter of 2017, productivity increased 1.2 percent, reflecting a 2.5-percent increase in output and a 1.3-percent increase in hours worked.

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