Preliminary Quarterly Non-Farm Productivity in the US
United States| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The preliminary value for quarterly nonfarm sector labor productivity measures the change in labor productivity in the U.S. nonfarm sector from one quarter to the next. This data is released quarterly by the U.S. Bureau of Labor Statistics (BLS) and provides initial, preliminary figures.
Labor productivity, which indicates the output per worker, is crucial for assessing a company's efficiency and competitiveness. The preliminary figures help gauge how labor productivity is fluctuating in the short term. An increase in labor productivity suggests an improvement in business efficiency and an expanding economy. Conversely, a decrease indicates a potential decline in business efficiency and a possible economic slowdown.
This data is valuable for policymakers to assess labor market trends and formulate appropriate economic policies. It is also a critical resource for businesses and investors for understanding labor productivity trends and forecasting economic prospects.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
