Real Output Per Hour - Nonfarm
Returns the real output per hour for the nonfarm business sector from FRED. This measures labor productivity.
Data Source
Data is sourced from the Bureau of Labor Statistics via FRED, reported quarterly.
Notes
- Index value (base period = 100)
- Measures how much output is produced per hour of labor
- Key indicator for wage growth and inflation
Syntax
=RealOutput()Returns
number
Real output per hour index
Examples
=RealOutput()When to Use
- Productivity analysis
- Wage growth forecasting
- Economic efficiency research
- Inflation analysis
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Total economic output | RealGDP() |
| Manufacturing productivity | FRED direct access |
| Unit labor costs | FRED direct access |
Common Issues & FAQ
What does this measure?
Output per hour of work in the nonfarm business sector, a key productivity metric.
Why is productivity important?
Higher productivity enables higher wages without inflation.
Related Formulas
More MarketXLS Economic Data formulas you can use in the same worksheet:
- Real Personal Consumption Expenditure
- Real Personal Consumption Expenditures
- Real Personal Consumption Expenditures - Durable Goods
- Real Personal Consumption Expenditures - Nondurable Goods
- Real Personal Consumption Expenditures - Services
- Real Potential Gross Domestic Product
- Real Private Nonresidential Fixed Investment
- Real Private Residential Fixed Investment
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