US Productivity
How much the US produces for each hour worked, a core measure of how efficiently the economy converts labour into output.
121.9
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Explore the full US economy26 live indicators on one dashboard, from growth and prices to jobs, trade and public finances. Updated automatically from official sources.Productivity
Q1 1970 to Q3 2026
Source: FRED series OPHNFB · nonfarm business output per hour, index, seasonally adjusted (BLS).
US Productivity in context
Worked out from the published series shown above.
In the US, the productivity rose by 2.5 pts over the year to Q3 2026, from 119.5 in Q3 2025.
That is the highest reading in a record that starts in Q1 1970.
Over the past five years it has ranged from 109.6 in Q3 2022 to 121.9 in Q3 2026.
Its average since Q1 1970 is 74.0, and the latest reading is above that.
How this series is defined
Everything you need to check the figure against the source.
- Source
- BLS via FRED
- Series
- OPHNFB
- Frequency
- Quarterly
- Unit
- index
- Seasonal adjustment
- Seasonally adjusted
- Latest observation
- Q3 2026
- Revision status
- Latest published estimate, subject to revision
Data refreshed 2026-11-06. Figures are the latest published observations and can be revised.
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