Source: U.S. Bureau of Labor Statistics
The efficiency at which labor hours are utilized in producing output of goods and services, measured as output per hour of labor.
For more information, please go to https://www.bls.gov/mfp/
Source Indicator: MPU4910062
U.S. Bureau of Labor Statistics, Private Nonfarm Business Sector: Labor Productivity [MPU4910062], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MPU4910062, December 7, 2023.