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    Home ยป US Productivity Growth Rate Jumps to 6.6% YoY in Q4
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    US Productivity Growth Rate Jumps to 6.6% YoY in Q4

    March 3, 20221 Min Read
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    US worker productivity bounced back strongly in Q4, slowing down growth in unit labor costs.

    • Non-farm productivity, which tracks hourly output per worker, rose at an unrevised 6.6% annualized rate in Q4 of 2021.
    • Hours worked increased at an unrevised pace of 2.4% in Q4. Unit labor costs also rose at a 0.9% pace compared to the initially projected 0.3% pace.
    • In Q4 of 2021, output and hours worked rose for the sixth straight quarter after historic falls in those measures in Q2 of 2020.
    • The non-farm business sector labor productivity index stands 4.6% higher in Q4 of 2021 than it was in Q4 of 2019.

    Labor productivity in the manufacturing sector dropped 0.1% in Q4 of 2021 as output and hours worked both rose 5.8%. Manufacturing sector output stands at 2.1% above the level in Q4 of 2019.

    DXY up +0.38%, EUR USD down -0.49%

    Source: US Bureau of Labor Statistics

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