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In the second quarter of 2022, nonfarm business labor productivity decreased by 4.6 percent
August 12, 2022
In the second quarter of 2022, nonfarm business sector labor productivity fell 4.6 percent, as output fell 2.1 percent and hours worked increased 2.6 percent. Over the past 10 years, nonfarm business labor productivity growth has ranged from -7.4 percent (first quarter 2022) to 10.3 percent (second quarter 2020).
| quarter | Labor productivity (output per hour) | Output | Hours worked. | Hourly compensation | Unit labor costs |
|---|---|---|---|---|---|
|
Q1 2012
|
1.8% | 5.1% | 3.2% | 10.0% | 8.0% |
|
Q2 2012
|
1.7 | 2.6 | 0.9 | 2.0 | 0.3 |
|
Q3 2012
|
-0.4 | 1.2 | 1.6 | 0.4 | 0.8 |
|
Q4 2012
|
-1.3 | 0.8 | 2.1 | 11.0 | 12.5 |
|
Q1 2013
|
2.2 | 3.8 | 1.6 | -5.7 | -7.7 |
|
Q2 2013
|
-1.3 | 0.2 | 1.6 | 2.9 | 4.3 |
|
Q3 2013
|
1.9 | 4.2 | 2.4 | -1.1 | -2.9 |
|
Q4 2013
|
2.8 | 4.2 | 1.4 | 2.7 | 0.0 |
|
Q1 2014
|
-4.0 | -2.1 | 1.9 | 8.0 | 12.5 |
|
Q2 2014
|
3.8 | 6.8 | 2.9 | -1.8 | -5.4 |
|
Q3 2014
|
3.5 | 6.4 | 2.8 | 2.6 | -0.9 |
|
Q4 2014
|
-2.2 | 2.3 | 4.7 | 4.3 | 6.7 |
|
Q1 2015
|
3.4 | 4.0 | 0.5 | 5.3 | 1.8 |
|
Q2 2015
|
1.1 | 3.0 | 1.8 | 3.3 | 2.2 |
|
Q3 2015
|
-0.1 | 1.3 | 1.4 | 1.2 | 1.4 |
|
Q4 2015
|
-1.6 | 0.4 | 2.0 | -0.2 | 1.5 |
|
Q1 2016
|
1.3 | 2.7 | 1.4 | 0.3 | -1.0 |
|
Q2 2016
|
-0.3 | 1.2 | 1.6 | 1.1 | 1.4 |
|
Q3 2016
|
1.6 | 2.8 | 1.2 | 1.7 | 0.1 |
|
Q4 2016
|
2.3 | 2.8 | 0.5 | 4.3 | 2.0 |
|
Q1 2017
|
0.3 | 1.9 | 1.6 | 4.0 | 3.7 |
|
Q2 2017
|
-0.5 | 2.8 | 3.3 | 2.0 | 2.5 |
|
Q3 2017
|
3.4 | 3.8 | 0.5 | 5.1 | 1.7 |
|
Q4 2017
|
1.8 | 4.7 | 2.8 | 5.9 | 4.0 |
|
Q1 2018
|
1.3 | 3.6 | 2.3 | 2.5 | 1.2 |
|
Q2 2018
|
1.4 | 3.9 | 2.4 | 1.0 | -0.4 |
|
Q3 2018
|
1.3 | 2.2 | 0.9 | 5.2 | 3.8 |
|
Q4 2018
|
0.1 | 1.1 | 0.9 | 1.9 | 1.7 |
|
Q1 2019
|
3.4 | 3.4 | 0.0 | 9.3 | 5.7 |
|
Q2 2019
|
3.7 | 3.6 | -0.1 | 0.8 | -2.8 |
|
Q3 2019
|
1.3 | 3.2 | 1.9 | 0.4 | -0.9 |
|
Q4 2019
|
1.4 | 1.8 | 0.4 | 5.2 | 3.8 |
|
Q1 2020
|
-2.5 | -7.4 | -5.0 | 8.7 | 11.5 |
|
Q2 2020
|
10.3 | -36.9 | -42.7 | 21.6 | 10.3 |
|
Q3 2020
|
6.2 | 44.6 | 36.2 | -4.7 | -10.3 |
|
Q4 2020
|
-2.8 | 6.2 | 9.2 | 10.6 | 13.8 |
|
Q1 2021
|
2.2 | 8.4 | 6.1 | -0.6 | -2.7 |
|
Q2 2021
|
3.2 | 8.5 | 5.1 | 9.2 | 5.8 |
|
Q3 2021
|
-3.9 | 2.0 | 6.2 | 6.3 | 10.6 |
|
O4 2021
|
6.3 | 9.0 | 2.5 | 10.5 | 3.9 |
|
Q1 2022
|
-7.4 | -2.5 | 5.3 | 4.4 | 12.7 |
|
Q2 2022
|
-4.6 | -2.1 | 2.6 | 5.7 | 10.8 |
In the second quarter of 2022, segment labor costs increased 10.8 percent.
Hourly wages rose 5.7 percent in the nonfarm business sector in the second quarter of 2022.
These data are derived from the Productivity Program and are subject to revision. See “Productivity and Costs – Second Quarter 2022 (Preliminary)” to learn more. Also see charts related to the latest “Productivity and Costs” news release. Labor productivity or output per hour is calculated by dividing the index of real output by the index of hours worked for all persons, including employees, owners and unpaid household workers. Labor costs are calculated by the ratio of hourly compensation and labor productivity. An increase in hourly compensation increases labor costs per unit and decreases productivity.
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