Nonfarm Productivity measures the efficiency of the U.S. labor force by calculating the output per hour worked in the non-farm business sector. High productivity growth allows for wage increases without triggering significant inflation, making it a vital long-term economic indicator. It reflects the impact of technological advancements and capital investment on the economy's output capacity.
Calculated by dividing an index of real output by an index of hours worked by all persons, including employees, proprietors, and unpaid family workers. The data is seasonally adjusted and reported as an annualized quarterly percentage change.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 3, 2026 | 1.40 | 1.40 | 0.00 |
| Aug 6, 2026 | 1.40 | 0.60 | +0.80 |
| Jun 4, 2026 | 0.80 | 0.50 | +0.30 |
| May 7, 2026 | 0.80 | 1.40 | -0.60 |
| Mar 24, 2026 | 1.60 | 2.00 | -0.40 |
| Mar 5, 2026 | 2.80 | 1.90 | +0.90 |
| Jan 29, 2026 | 4.90 | 4.90 | 0.00 |
| Jan 8, 2026 | 4.90 | 3.00 | +1.90 |
| Sep 4, 2025 | 3.30 | 2.70 | +0.60 |
| Aug 7, 2025 | 2.40 | 2.00 | +0.40 |
| Jun 5, 2025 | -1.50 | -0.80 | -0.70 |
| May 8, 2025 | -0.80 | -0.70 | -0.10 |
| Mar 6, 2025 | 1.50 | 1.20 | +0.30 |
| Feb 6, 2025 | 1.20 | 1.40 | -0.20 |
| Dec 10, 2024 | 2.20 | 2.20 | 0.00 |
| Nov 7, 2024 | 2.20 | 2.30 | -0.10 |
| Sep 5, 2024 | 2.50 | 2.40 | +0.10 |
| Aug 1, 2024 | 2.30 | 1.70 | +0.60 |
| Jun 6, 2024 | 0.20 | 0.20 | 0.00 |
| May 2, 2024 | 0.30 | 1.00 | -0.70 |
| Mar 7, 2024 | 3.20 | 3.10 | +0.10 |
| Feb 1, 2024 | 3.20 | 2.50 | +0.70 |
| Dec 6, 2023 | 5.20 | 4.90 | +0.30 |
| Nov 2, 2023 | 4.70 | 4.10 | +0.60 |
| Sep 7, 2023 | 3.50 | 3.40 | +0.10 |
| Aug 3, 2023 | 3.70 | 2.00 | +1.70 |
| Jun 1, 2023 | -2.10 | -2.50 | +0.40 |
| May 4, 2023 | -2.70 | -1.80 | -0.90 |
| Mar 2, 2023 | 1.70 | 2.60 | -0.90 |
| Feb 2, 2023 | 3.00 | 2.40 | +0.60 |
| Dec 7, 2022 | 0.80 | 0.60 | +0.20 |
| Nov 3, 2022 | 0.30 | 0.60 | -0.30 |
| Sep 1, 2022 | -4.10 | -4.50 | +0.40 |
| Aug 9, 2022 | -4.60 | -4.70 | +0.10 |
| Jun 2, 2022 | -7.30 | -7.50 | +0.20 |
| May 5, 2022 | -7.50 | -5.40 | -2.10 |
| Mar 3, 2022 | 6.60 | 6.70 | -0.10 |
| Feb 3, 2022 | 6.60 | 3.20 | +3.40 |
| Dec 7, 2021 | -5.20 | -4.90 | -0.30 |
| Nov 4, 2021 | -5.00 | -3.00 | -2.00 |
| Sep 2, 2021 | 2.10 | 2.40 | -0.30 |
| Date | First print | Current | Revision |
|---|---|---|---|
| Jun 4, 2026 | 0.30 | 0.80 | +0.50 ↑ |
| Mar 24, 2026 | 1.80 | 1.60 | -0.20 ↓ |
