US Productivity Grew in 2018 at Fastest Pace in 8 Years

US Productivity Grew in 2018 at Fastest Pace in 8 Years
A worker helps a customer with construction supplies at a Home Depot store in Chicago, Ill., on July 26, 2017. Scott Olson/Getty Images
Petr Svab
Petr Svab
reporter
|Updated:
Labor productivity in the nonfarm business sector increased at the annual pace of 1.9 percent in the last quarter of 2018, overtaking the growth pace for the previous quarter, which was revised down to 1.8 percent from 2.2 percent.

Despite the revision, productivity grew 1.3 percent in 2018—the strongest rate since 2010, after rising 1.1 percent in 2017 and 0.2 percent in 2016, according to data from the Bureau of Labor Statistics.

Petr Svab
Petr Svab
reporter
Petr Svab is a reporter covering New York. Previously, he covered national topics including politics, economy, education, and law enforcement.
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