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

Examples

=RealOutput()
Current productivity index

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

Q: What does this measure? A: Output per hour of work in the nonfarm business sector, a key productivity metric.

Q: Why is productivity important? A: Higher productivity enables higher wages without inflation.

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