What is the level of US labor productivity growth? Recently and the last 5-10 years.

Expert Solution

To find answer to this go the Bureau of Labor Statistics website, www.bls.gov. Click "Subjects" tab (upper-left corner) then select labor productivity (upper-right corner). Scroll down. Under "LPC News Releases" Select the PDF verstion of first document titled, "Productivity unchanged in fourth quarter 2017; unit labor costs rise 2.5% (annual rate)". This document has recent news about labor productivity growth in recent years and past 5-10 years.

According to the article (first paragraph), non-farm business sector labor productivity grew 0.0% in the last quarter of 2017. In other words, it did not grow. Between 2016 and 2017 it grew at an average annual rate of 1.2%.

Scroll down the document to the paragraphs titled "Annual Averages" to find annual average growth over the past few years.

Average annual labor productivity growth in the non-farm business sector was 1.2% between 2007 and 2017. In manufacturing average annual labor productivity growth during the same period was 0.8%.

Rahul Sunny answered 2 years ago

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What is the level of US labor productivity growth? Recently and the last 5-10 years.

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