BLS: Labor Productivity Up 4.1 Percent From 1Q 2020 to 1Q 2021
June 15, 2021
June 15, 2021
WASHINGTON, June 15 -- The U.S. Department of Labor's Bureau of Labor Statistics issued the following article from Economics Daily:
From the first quarter of 2020 to the first quarter of 2021, nonfarm business sector labor productivity increased 4.1 percent, reflecting a 1.1-percent increase in output and a 2.9-percent decline in hours worked.
See chart here: https://www.bls.gov/opub/ted/2021/labor-productivity-up-4-1-percent-from-first-quarter-2020-to-first-quarter-202 . . .
From the first quarter of 2020 to the first quarter of 2021, nonfarm business sector labor productivity increased 4.1 percent, reflecting a 1.1-percent increase in output and a 2.9-percent decline in hours worked.
See chart here: https://www.bls.gov/opub/ted/2021/labor-productivity-up-4-1-percent-from-first-quarter-2020-to-first-quarter-202 . . .