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Labor Productivity

Output produced per hour worked, as an index.

Labor Productivity
120.0
Index 2017=100 · latest, Apr 2026
vs prior quarter▲ 0.4%
vs year ago▲ 2.2%
1948-49 Recession · Nov 1948 – Oct 19491953-54 Recession · Jul 1953 – May 19541957-58 Recession · Aug 1957 – Apr 19581960-61 Recession · Apr 1960 – Feb 19611969-70 Recession · Dec 1969 – Nov 19701973-75 Recession · Nov 1973 – Mar 19751980 Recession · Jan 1980 – Jul 19801981-82 Recession · Jul 1981 – Nov 19821990-91 Recession · Jul 1990 – Mar 19912001 Recession · Mar 2001 – Nov 2001Global Financial Crisis · Dec 2007 – Jun 2009COVID-19 Recession · Feb 2020 – Apr 202040608010012019501960197019801990200020102020120.0
Labor Productivity — one value per year; US recessions are shaded on the chart.
YearLabor Productivity
194723.0
194823.2
194924.1
195025.8
195126.4
195226.9
195327.2
195428.3
195528.9
195629.0
195729.8
195831.0
195931.3
196031.3
196133.4
196234.6
196335.8
196436.2
196538.3
196638.9
196739.7
196840.9
196940.7
197041.7
197143.1
197245.2
197345.6
197445.3
197546.9
197648.3
197748.7
197850.1
197949.4
198049.8
198149.9
198250.2
198352.4
198453.2
198554.4
198655.6
198756.3
198856.9
198957.4
199057.9
199159.8
199262.4
199362.1
199462.6
199563.3
199664.6
199766.2
199868.6
199971.5
200073.4
200175.6
200277.7
200382.1
200483.4
200584.8
200685.7
200787.7
200887.9
200993.6
201095.0
201194.6
201294.9
201396.8
201497.1
201597.8
201699.3
2017101.0
2018101.5
2019105.1
2020110.6
2021111.6
2022110.0
2023113.9
2024116.4
2025119.3
2026120.0

Hover the line to read any month. Drag across the chart to zoom; double-click to reset.

Source: FRED · OPHNFB · series · Jan 1947 to Apr 2026 · latest-revised

Refreshed Aug 12, 2026 from FRED.

Output produced per hour worked, as an index.

Nonfarm business sector real output per hour of all persons, indexed to 2017=100.

Source: FRED · Apr 2026 · Full lesson → Learn

About the bands. Shaded spans are NBER-dated US recessions, drawn as factual overlays. They mark when the economy contracted, not why. Lining an event up with a move is not evidence it caused the move.

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