Nonfarm Productivity

The Non-farm Productivity released by the Bureau of Labor Statistics of the US Department of Labor shows the output per Hour of labor worked. Non-farm Productivity indicates the overall business health in the US, which has an influence on GDP. A high reading is positive (or bullish) for the USD, while a low reading is negative (or bearish).

Most recent - Tuesday 10 December 2024 13:30

Previous
2.2%
Revised
-
Forecast
2.2%
Actual
2.2%

Trading range

Forecast history

The most recent announced value for Nonfarm Productivity was 2.2% against a forecast of 2.2%.

Past events

Date
Forecast
Actual
Tuesday 10 December 2024 13:30
2.2%
2.2%
Thursday 7 November 2024 13:30
2.3%
2.2%
Thursday 5 September 2024 12:30
2.3%
2.5%
Thursday 1 August 2024 12:30
1.7%
2.3%
Thursday 6 June 2024 12:30
0.1%
0.2%
Thursday 2 May 2024 12:30
0.8%
0.3%
Thursday 7 March 2024 13:30
3.1%
3.2%
Thursday 1 February 2024 13:30
2.5%
3.2%
Wednesday 6 December 2023 13:30
4.9%
5.2%
Thursday 2 November 2023 12:30
4.2%
4.7%
Thursday 7 September 2023 12:30
3.8%
3.5%
Thursday 3 August 2023 12:30
2%
3.7%
Thursday 1 June 2023 12:30
-2.4%
-2.1%
Thursday 4 May 2023 12:30
-1.8%
-2.7%
Thursday 2 March 2023 13:30
2.6%
1.7%
Thursday 2 February 2023 13:30
2.4%
3%
Wednesday 7 December 2022 13:30
0.5%
0.8%
Thursday 3 November 2022 12:30
0.6%
0.3%
Thursday 1 September 2022 12:30
-4.5%
-4.1%
Tuesday 9 August 2022 12:30
-4.7%
-4.6%
Thursday 2 June 2022 12:30
-7.5%
-7.3%
Thursday 5 May 2022 12:30
-5.4%
-7.5%
Thursday 3 March 2022 13:30
6.7%
6.6%
Thursday 3 February 2022 13:30
3.2%
6.6%

Economic context

Recent economic data has been moderately bullish for USD. Other recent announcements which may affect the market's interpretation of the next Nonfarm Productivity result:

PreviousLatest
Michigan Consumer Sentiment Index(no change)7474
UoM 5-year Consumer Inflation ExpectationBearish change3.1%3%
Core Personal Consumption Expenditures - Price Index (MoM)Bearish change0.3%0.1%
Core Personal Consumption Expenditures - Price Index (YoY)(no change)2.8%2.8%
Personal Consumption Expenditures - Price Index (MoM)Bearish change0.2%0.1%
Personal Consumption Expenditures - Price Index (YoY)Bullish change2.3%2.4%
Personal Income (MoM)Bearish change0.7%0.3%
Personal SpendingBullish change0.3%0.4%
Existing Home Sales Change (MoM)Bullish change3.4%4.8%
Initial Jobless ClaimsBullish change242K220K
Philadelphia Fed Manufacturing SurveyBearish change-5.5-16.4
Core Personal Consumption Expenditures (QoQ)Bullish change2.1%2.2%
Gross Domestic Product AnnualizedBullish change2.8%3.1%
Gross Domestic Product Price Index(no change)1.9%1.9%
Personal Consumption Expenditures Prices (QoQ)(no change)1.5%1.5%
Fed Interest Rate DecisionBearish change4.75%4.5%
Interest Rate Projections - 1st yearBullish change3.4%3.9%
Interest Rate Projections - 2nd yearBullish change2.9%3.4%
Interest Rate Projections - 3rd yearBullish change2.9%3.1%
Interest Rate Projections - Current(no change)4.4%4.4%
Interest Rate Projections - LongerBullish change2.9%3%
Building Permits (MoM)Bullish change1.419M1.505M
Housing Starts (MoM)Bearish change1.312M1.289M
Industrial Production (MoM)Bullish change-0.4%-0.1%
Retail Sales (MoM)Bullish change0.5%0.7%
Retail Sales Control GroupBullish change-0.1%0.4%
Retail Sales ex Autos (MoM)(no change)0.2%0.2%
S&P Global Composite PMIBullish change54.956.6
S&P Global Manufacturing PMIBearish change49.748.3
S&P Global Services PMIBullish change56.158.5
NY Empire State Manufacturing IndexBearish change31.20.2
Initial Jobless ClaimsBearish change225K242K
Producer Price Index (MoM)Bullish change0.3%0.4%
Producer Price Index (YoY)Bullish change2.6%3%
Producer Price Index ex Food & Energy (MoM)Bearish change0.3%0.2%
Producer Price Index ex Food & Energy (YoY)Bullish change3.1%3.4%
Monthly Budget StatementBearish change$-257B$-367B
Consumer Price Index (MoM)Bullish change0.2%0.3%
Consumer Price Index (YoY)Bullish change2.6%2.7%
Consumer Price Index ex Food & Energy (MoM)(no change)0.3%0.3%
Consumer Price Index ex Food & Energy (YoY)(no change)3.3%3.3%
Unit Labor CostsBearish change1.9%0.8%

About Nonfarm Productivity

Country:United States
Currency:USD
Source:US Bureau of Labor Statistics
Category:Labor Market
Frequency:Quarterly
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