Labor Marketquarterly
Nonfarm Productivity
Nonfarm business productivity growth (output per hour), sets the non-inflationary wage ceiling.
The Nonfarm Productivity is currently 1.80%, last updated .
1.80%
1W -65.38%1M -65.38%3M -65.38%
Updated 3h agoThe labor market is the backbone of the consumer economy. Rising jobless claims and a climbing unemployment rate are classic late-cycle signals that precede recessions and rate cuts. The Fed has a dual mandate, maximum employment and stable prices, so labor data directly influences the path of monetary policy.
No data available
Recent Data
Download CSV| Date | Value | Change |
|---|---|---|
| Oct 1, 2025 | 1.80% | -65.38% |
| Jul 1, 2025 | 5.20% | +23.81% |
| Apr 1, 2025 | 4.20% | +566.67% |
| Jan 1, 2025 | -0.90% | -164.29% |
| Oct 1, 2024 | 1.40% | -62.16% |
| Jul 1, 2024 | 3.70% | +0.00% |
| Apr 1, 2024 | 3.70% | +1750.00% |
| Jan 1, 2024 | 0.20% | -94.87% |
| Oct 1, 2023 | 3.90% | -22.00% |
| Jul 1, 2023 | 5.00% | +25.00% |
| Apr 1, 2023 | 4.00% | +344.44% |
| Jan 1, 2023 | 0.90% | -60.87% |
| Oct 1, 2022 | 2.30% | +1050.00% |
| Jul 1, 2022 | 0.20% | +106.90% |
| Apr 1, 2022 | -2.90% | +40.82% |
| Jan 1, 2022 | -4.90% | -313.04% |
| Oct 1, 2021 | 2.30% | +195.83% |
| Jul 1, 2021 | -2.40% | -400.00% |
| Apr 1, 2021 | 0.80% | -72.41% |
| Jan 1, 2021 | 2.90% | +190.62% |
| Oct 1, 2020 | -3.20% | -150.00% |
| Jul 1, 2020 | 6.40% | +500.00% |
| Jan 1, 2020 | -1.60% | -142.11% |
| Oct 1, 2019 | 3.80% | — |
Related in Labor Market
Unemployment Rate (U3)
Headline unemployment rate, percentage of the labor force without jobs.
Underemployment Rate (U6)
Broadest unemployment measure including discouraged and part-time workers.
Initial Jobless Claims
Weekly first-time unemployment insurance claims, the highest-frequency labor indicator.
Initial Claims 4-Week MA
Smoothed jobless claims average, removes weekly volatility.
Explore Further
Frequently Asked Questions
▶What is Nonfarm Productivity?
Nonfarm business productivity growth (output per hour), sets the non-inflationary wage ceiling.
▶How does Nonfarm Productivity relate to labor market?
Nonfarm Productivity is part of the Labor Market category. The labor market is the backbone of the consumer economy. Rising jobless claims and a climbing unemployment rate are classic late-cycle signals that precede recessions and rate cuts. The Fed has a dual mandate, maximum employment and stable prices, so labor data directly influences the path of monetary policy.
▶How often is Nonfarm Productivity updated?
Nonfarm Productivity is updated once per quarter when the releasing agency publishes new data. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source Nonfarm Productivity data?
Convex sources Nonfarm Productivity data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the Nonfarm Productivity chart page?
The Nonfarm Productivity page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated quarterly. This page is for informational purposes only and does not constitute financial advice.