Nonfarm Business Sector: Labor Productivity (Output per Hour) for All Workers (PRS85006092)

Nonfarm Business Sector: Labor Productivity (Output per Hour) for All Workers (FRED series PRS85006092) is a quarterly economic indicator measured in percent change at annual rate. The series is published through FRED, the Federal Reserve Bank of St. Louis economic database, with history going back to 1947. Values are seasonally adjusted, smoothing out predictable calendar effects so that underlying trends are easier to see.

Why it matters: Nonfarm Business Sector: Labor Productivity (Output per Hour) for All Workers is one of the indicators traders, economists, and policymakers watch within the economic complex. Analysts use it to track conditions in the US economy and to anticipate shifts in growth, inflation, and policy.

How to read it: focus on the direction and persistence of changes rather than any single quarterly print. Comparing the latest value against its level a year ago, and against its long-run range since 1947, gives a better sense of whether the series is signaling acceleration, deceleration, or a turning point.