Blog Post

Productivity up 11.1%, Compensation up 8.0% From 2009

From the third quarter of 2018 to the third quarter of 2019, nonfarm business labor productivity increased 1.4%, reflecting a 2.3% increase in output and a 0.9% increase in hours worked. During the same period, real hourly compensation increased 2.7%.

From the third quarter of 2009 to the third quarter of 2019, nonfarm business sector labor productivity increased 11.1%, reflecting a 32.4% increase in output and a 19.2% increase in hours worked. Real hourly compensation increased 8.0% over this time span.

These data are from the Labor Productivity and Costs program. To learn more, see Productivity and Costs — Third Quarter 2019, Preliminary. Also see Charts related to the latest “Productivity and Costs” news release. Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours worked by all persons, including employees, proprietors, and unpaid family workers.

IRS Issues Further Gu

July 15th, 2020
The IRS recently issued additional guidance on the eased rules for hardship withdrawals that 401(k) and similar defined contribution retirement plans can put in place.

FTR’s May Trucking

July 15th, 2020
FTR’s Trucking Conditions Index reading for May rebounded from its worst-ever level in April to a reading of -5.19. While much improved, May’s reading is.