Wages & productivity · OPHNFB
Labor productivity
As of Q2 2026, the labor productivity had risen 2.2% from a year earlier, compared with a 12-month change of 2.9% in Q1 2026. The latest value was 120.0 (index 2017=100).
Source: U.S. Bureau of Labor Statistics via FRED®. Quarterly data, seasonally adjusted. Latest observation Q2 2026; snapshot taken Oct 27, 2026, 2:15 AM EDT.
Latest (Q2 2026)
120.0
Change from Q1 2026
+0.4%
A year earlier
117.4
12-month change
+2.2%
120.0 Q2 2026 · Index 2017=100
Index 2017=100. Data from Q1 1947 to Q2 2026 (318 observations).
What it measures
Labor productivity is output per hour worked in the nonfarm business sector. Over the long run, productivity growth is what allows wages to rise faster than prices.
- Official title
- Nonfarm Business Sector: Labor Productivity (Output per Hour) for All Workers
- Units
- Index 2017=100
- Frequency and adjustment
- Quarterly, seasonally adjusted
- Original source
- U.S. Bureau of Labor Statistics
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| Date | Value | Change | From a year ago |
|---|---|---|---|
| Q2 2026 | 120.0 | +0.4% | +2.2% |
| Q1 2026 | 119.6 | +0.2% | +2.9% |
| Q4 2025 | 119.4 | +0.4% | +2.5% |
| Q3 2025 | 118.9 | +1.3% | +2.5% |
| Q2 2025 | 117.4 | +1.0% | +2.1% |
| Q1 2025 | 116.2 | -0.2% | +2.0% |
| Q4 2024 | 116.4 | +0.4% | +2.3% |
| Q3 2024 | 116.0 | +0.9% | +2.9% |
| Q2 2024 | 115.0 | +0.9% | +3.2% |
| Q1 2024 | 113.9 | +0.1% | +3.3% |
| Q4 2023 | 113.9 | +1.0% | +3.5% |
| Q3 2023 | 112.8 | +1.2% | +3.1% |
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This page shows public economic data for general information. It is not financial advice and does not predict future values.
Sources
- U.S. Bureau of Labor Statistics, Nonfarm Business Sector: Labor Productivity (Output per Hour) for All Workers [OPHNFB], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/OPHNFB, Oct 27, 2026.
- View OPHNFB on FRED® · U.S. Bureau of Labor Statistics
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