Tightening labor markets are finally pushing up productivity growth: Three-year average productivity growth rate, 2006Q1–2019Q2
| Productivity growth | |
|---|---|
| 2006-Q1 | 2.522% |
| 2006-Q2 | 2.062% |
| 2006-Q3 | 1.356% |
| 2006-Q4 | 1.208% |
| 2007-Q1 | 1.249% |
| 2007-Q2 | 1.098% |
| 2007-Q3 | 1.153% |
| 2007-Q4 | 0.974% |
| 2008-Q1 | 0.596% |
| 2008-Q2 | 0.914% |
| 2008-Q3 | 0.750% |
| 2008-Q4 | 0.303% |
| 2009-Q1 | 0.347% |
| 2009-Q2 | 0.865% |
| 2009-Q3 | 1.544% |
| 2009-Q4 | 1.879% |
| 2010-Q1 | 1.936% |
| 2010-Q2 | 1.836% |
| 2010-Q3 | 1.892% |
| 2010-Q4 | 1.887% |
| 2011-Q1 | 1.851% |
| 2011-Q2 | 1.586% |
| 2011-Q3 | 1.425% |
| 2011-Q4 | 2.001% |
| 2012-Q1 | 1.888% |
| 2012-Q2 | 1.499% |
| 2012-Q3 | 0.747% |
| 2012-Q4 | 0.214% |
| 2013-Q1 | 0.359% |
| 2013-Q2 | 0.363% |
| 2013-Q3 | 0.173% |
| 2013-Q4 | 0.179% |
| 2014-Q1 | 0.220% |
| 2014-Q2 | 0.401% |
| 2014-Q3 | 0.809% |
| 2014-Q4 | 0.410% |
| 2015-Q1 | 0.458% |
| 2015-Q2 | 0.490% |
| 2015-Q3 | 0.796% |
| 2015-Q4 | 0.666% |
| 2016-Q1 | 0.444% |
| 2016-Q2 | 0.524% |
| 2016-Q3 | 0.517% |
| 2016-Q4 | 0.610% |
| 2017-Q1 | 0.811% |
| 2017-Q2 | 0.582% |
| 2017-Q3 | 0.555% |
| 2017-Q4 | 0.711% |
| 2018-Q1 | 0.664% |
| 2018-Q2 | 0.679% |
| 2018-Q3 | 0.613% |
| 2018-Q4 | 0.780% |
| 2019-Q1 | 1.250% |
| 2019-Q2 | 1.379% |
Note: Productivity measure is total economy productivity (TEP), a nonpublished data series from the Bureau of Labor Statistics. Line shows the annualized average rate of growth over the most recent three years. Shaded area indicates recession.
Source: Bureau of Labor Statistics