The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
June 01, 2023US PRODUCTIVITY, Q1 2023 (REVISED) The US Bureau of Labor Statistics has released revised productivity estimates for the first quarter of 2023. All figures are reported as growth from the previous quarter at seasonally adjusted annualized rates.
Nonfarm business sector labour productivity in the US decreased 2.1%. Output increased by 0.5% while hours worked increased by 2.6%.
Hourly compensation increased 2.1% in the first quarter, following 0.7% decline in the previous quarter. With a 2.1% decline in labour productivity, the slower growth in hourly compensation led to an increase of 4.2% in US unit labour costs compared to a decline of 2.2% in the previous quarter.
Source: US Bureau of Labor Statistics, retrieved from FRED, Federal Reserve Bank of St. Louis
<--- Return to Archive
