CSIMarket
Company Name or its Symbol
Search for other Categories
 



Productivity and wages are up

U.S. Productivity Economic Indicators



Americans have earned more in third-quarter and productivity grew as well, as strenght in the U.S. economy becomes more evident.U.S. productivity increased in the third-quarter on the seasonally adjusted basis by 1.9 %, reported by the U.S. Labor Department. Recent increase in hourly income helps Americans to spend more. Consumer spending is by far the bigger source of U.S. growth. Adding to the positive news rising productivity could result in higher profitability for businesses, despite the wage increases.

Output
U.S. business output has increased by smaller rate than a quarter ago, business production soared by 4.1 % on the seasonally adjusted basis, in manufacturing of durable goods output rose the most, by 5.2 %.




Compensation
U.S. hourly inflation-adjusted compensation continued to grew by higher rate, fueling higher consumer spending, the main source of domestic growth, the real hourly compensation increased by 0.8 % on the seasonally adjusted basis, as real hourly compensation costs in nonfarm businesses increased the most.
The measure includes accrued inflation-adjusted wages and salaries, supplements, employer contributions to employee benefit plans, and taxes. U.S. hourly inflation-adjusted compensation rose by 0.8 % over the past 12 months.



U.S. labor costs have rebounded from decline in previous period, the labor costs increased by 0.9 % on the seasonally adjusted basis.

Increases in hourly compensation, lead to increase in unit labor costs U.S. labor costs rose by 1 % over the past 12 months.

Category
Business productivity increased by 1.2 % from a year ago, driven by the increase in output. Over the last year, business production soared by 3.6 %





Productivity
(Y / Y in %)

III Quarter
2018
prel.
II Quarter
2018
prel.
I Quarter
2018
prel.
IV Quarter
2017
prel.
III Quarter
2017
prel.
Total Business
1.2 % 1.4 % 1.4 % 0.8 % 1.5 %
Nonfarm business
1.3 % 1.3 % 1.3 % 1.1 % 1.5 %
Manufacturing
1.4 % - % 0.8 % 1.1 % 0.3 %
Durable Goods
1.7 % 0.3 % 1.5 % 1.4 % 0.3 %
Nondurable Goods
1.4 % -0.3 % -0.1 % 0.5 % 0.2 %



Productivity
These productivity measures describe the relationship between real output and the labor time involved in its production. They show the changes from period to period in the amount of goods and services produced per hour. Although these measures relate output to hours at work of all persons engaged in a sector, they do not measure the specific contribution of labor, capital, or any other factor of production. Rather, they reflect the joint effects of many influences, including changes in technology; capital investment; level of output; utilization of capacity, energy, and materials; the organization of production; managerial skill; and the characteristics and effort of the work force.



Productivity
(Q / Q in %)

III Quarter
2018
prel.
II Quarter
2018
prel.
I Quarter
2018
prel.
IV Quarter
2017
prel.
III Quarter
2017
prel.
Total Business
1.9 % 3.6 % 1.1 % -0.9 % 3.6 %
Nonfarm business
2.3 % 2.9 % 0.7 % -0.1 % 3 %
Manufacturing
1 % 1.5 % 0.5 % 5.7 % -4.4 %
Durable Goods
1.7 % 1.1 % 1.3 % 6.7 % -4.7 %
Nondurable Goods
0.5 % 2.2 % 0.6 % 4.5 % -4.4 %



Output
(Y / Y in %)

III Quarter
2018
prel.
II Quarter
2018
prel.
I Quarter
2018
prel.
IV Quarter
2017
prel.
III Quarter
2017
prel.
Total Business
3.6 % 3.5 % 3.5 % 3 % 2.8 %
Nonfarm business
3.7 % 3.5 % 3.6 % 3.2 % 3 %
Manufacturing
3.6 % 2.1 % 2.5 % 2.7 % 1.5 %
Durable Goods
5.2 % 2.9 % 5.5 % 8.2 % -1.7 %
Nondurable Goods
3 % 1.8 % 2.3 % 2.6 % 1.6 %



Output
(Q / Q in %)

III Quarter
2018
prel.
II Quarter
2018
prel.
I Quarter
2018
prel.
IV Quarter
2017
prel.
III Quarter
2017
prel.
Total Business
4.1 % 5.1 % 2.8 % 3.1 % 4.1 %
Nonfarm business
4.1 % 5 % 2.8 % 3.2 % 4.1 %
Manufacturing
4.1 % 3 % 3.3 % 7.3 % -1.1 %
Durable Goods
5.2 % 2.9 % 5.5 % 8.2 % -1.7 %
Nondurable Goods
2.9 % 3.1 % 1.1 % 6.4 % -0.4 %



Unit Labor Costs
(Y / Y in %)

III Quarter
2018
prel.
II Quarter
2018
prel.
I Quarter
2018
prel.
IV Quarter
2017
prel.
III Quarter
2017
prel.
Total Business
1 % 1.9 % 1.2 % 1.5 % -0.5 %
Nonfarm business
0.9 % 1.9 % 1.1 % 1.3 % -0.7 %
Manufacturing
-1.2 % 2.5 % 1.3 % 1.1 % 0.3 %
Durable Goods
-0.9 % 2.6 % 1.4 % 1.3 % 0.6 %
Nondurable Goods
-2.4 % 2 % 0.9 % 0.8 % -0.1 %


Unit Labor Costs
The measures of unit labor costs describe the relationship between compensation per hour and productivity, or real output per hour, and can be used as an indicator of inflationary pressure on producers. Increases in hourly compensation increase unit labor costs; labor productivity increases offset compensation increases and lower unit labor costs.


Unit Labor Costs
(Q / Q in %)

III Quarter
2018
prel.
II Quarter
2018
prel.
I Quarter
2018
prel.
IV Quarter
2017
prel.
III Quarter
2017
prel.
Total Business
0.9 % -1.2 % 2.8 % 2 % -0.3 %
Nonfarm business
0.9 % -1 % 2.7 % 2 % -0.2 %
Manufacturing
-1.2 % -0.2 % 2.7 % -3.7 % 4.8 %
Durable Goods
-1.4 % -0.1 % 2.9 % -3.8 % 5 %
Nondurable Goods
-1.9 % -0.4 % 0.4 % -4 % 5.1 %




Hours Worked
(Y / Y in %)

III Quarter
2018
prel.
II Quarter
2018
prel.
I Quarter
2018
prel.
IV Quarter
2017
prel.
III Quarter
2017
prel.
Total Business
2.4 % 2 % 2.1 % 2.3 % 1.3 %
Nonfarm business
2.3 % 2.2 % 2.2 % 2.1 % 1.5 %
Manufacturing
2.1 % 2.2 % 1.6 % 1.6 % 1.2 %
Durable Goods
2.4 % 2.2 % 1.2 % 1.3 % 1 %
Nondurable Goods
1.6 % 2.1 % 2.4 % 2.1 % 1.4 %


Hours Worked
Hours data for the labor productivity and cost measures include hours for all persons working in the sector—wage and salary workers, the self-employed and unpaid family workers.


Hours Worked
(Q / Q in %)

III Quarter
2018
prel.
II Quarter
2018
prel.
I Quarter
2018
prel.
IV Quarter
2017
prel.
III Quarter
2017
prel.
Total Business
2.1 % 1.5 % 1.6 % 4.1 % 0.5 %
Nonfarm business
1.8 % 2 % 2.1 % 3.3 % 1.1 %
Manufacturing
3.1 % 1.5 % 2.8 % 1.5 % 3.5 %
Durable Goods
3.5 % 1.8 % 4.2 % 1.4 % 3.1 %
Nondurable Goods
2.4 % 0.9 % 0.5 % 1.8 % 4.1 %




Real Hourly Compensation
(Y / Y in %)

III Quarter
2018
prel.
II Quarter
2018
prel.
I Quarter
2018
prel.
IV Quarter
2017
prel.
III Quarter
2017
prel.
Total Business
0.8 % 0.6 % 0.4 % -2.5 % 1.3 %
Nonfarm business
-0.4 % 0.5 % 0.2 % 0.3 % -1.1 %
Manufacturing
-2.4 % -0.2 % -0.1 % - % -1.3 %
Durable Goods
-1.8 % 0.2 % 0.7 % 0.5 % -1 %
Nondurable Goods
-3.6 % -0.9 % -1.5 % -0.8 % -1.8 %




Real Hourly Compensation
(Q / Q in %)

III Quarter
2018
prel.
II Quarter
2018
prel.
I Quarter
2018
prel.
IV Quarter
2017
prel.
III Quarter
2017
prel.
Total Business
0.8 % 0.6 % 0.4 % -2.5 % 1.3 %
Nonfarm business
1.1 % 0.2 % -0.1 % -1.8 % 0.7 %
Manufacturing
-2.2 % -0.4 % -0.3 % -1.8 % -1.8 %
Durable Goods
-1.7 % -0.6 % 0.7 % -1 % -1.9 %
Nondurable Goods
-3.3 % 0.1 % -2.4 % -3.3 % -1.5 %




Hourly Compensation
(Y / Y in %)

III Quarter
2018
prel.
II Quarter
2018
prel.
I Quarter
2018
prel.
IV Quarter
2017
prel.
III Quarter
2017
prel.
Total Business
-0.2 % 1.3 % 3.2 % 1.8 % 0.2 %
Nonfarm business
2.8 % 2.3 % 3.9 % 1.1 % 3.3 %
Manufacturing
0.3 % 1 % 4.2 % 2.6 % 0.1 %
Durable Goods
-1.4 % 1.7 % 1 % 0.3 % 0.5 %
Nondurable Goods
-1.1 % 1.7 % 0.7 % 1.3 % 0.1 %


Hourly Compensation
The measure includes accrued wages and salaries, supplements, employer contributions to employee benefit plans, and taxes.


Hourly Compensation
(Q / Q in %)

III Quarter
2018
prel.
II Quarter
2018
prel.
I Quarter
2018
prel.
IV Quarter
2017
prel.
III Quarter
2017
prel.
Total Business
2.8 % 2.3 % 3.9 % 1.1 % 3.3 %
Nonfarm business
3.1 % 1.9 % 3.4 % 1.8 % 2.7 %
Manufacturing
-0.2 % 1.3 % 3.2 % 1.8 % 0.2 %
Durable Goods
0.3 % 1 % 4.2 % 2.6 % 0.1 %
Nondurable Goods
-1.4 % 1.7 % 1 % 0.3 % 0.5 %


Source: Department of Labor, BLS.gov


     
       
Economy


Advance Monthly Sales

Consumer Price Index CPI

Producer Price Index PPI

Retail Inventories

Personal Income

Gross Domestic Product GDP

Money Supply

Industrial Production

Productivity

Employment Situation

US International Trade

Factory Orders

Durable Goods

Construction Spending

Housing Starts

Vehicle Unit Sales

Stocks


Event Calendar

HOFT's Profile

Stock Price

HOFT's Financials

Business Description

Fundamentals

Charts & Quotes

HOFT's News

Suppliers

HOFT's Competitors

Customers & Markets

Economic Indicators

HOFT's Growth

Company Segments

Screening


Stock Performance

Growth Rates

Profitability

Valuation

Dividend

Financial Strength

Efficiency

Largest Companies

Management Effectivness

Industries


At a Glance

Performance

Growth Rates

Profitability

Valuation

Financial Strength

Markets


At a Glance

Stocks

Indices

Sectors & Industries

Financials

Commodities

Currencies

News


At a Glance

Stocks

Economy

Industries

Other

Help


Sitemap

Advertise

About us

Glossary


Financial Terms

Technical Analysis

Fundamental Analysis

Energy Terms

Manufacturing Terms

Transportation Terms

Health Care

Insurance Terms

Economy Terms

Hotel & Leisure Terms

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research.  Free Stock Market News Feeds
   Copyright © 2019 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday Data provided by Barchart and subject to terms of use. To view Intraday Stock Data Java must be installed. Java content may be prohibited by the security software, to see the stock quotes, choose "allow content from this page" option. Stock Price, historical and current end-of-day data provided by eoddata. Intraday data delayed per exchange requirements. S&P/Dow Jones Indices (SM) from Barchart and Eoddata. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
CSIMarket.com 1500 N. University Drive, Coral Springs, FL 33071