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11 06 2015 | by Victor Xing | Economics

How does the Federal Reserve measure productivity?

The Federal Reserve refers to several measures of productivity.  The measure that is most commonly quoted is formally known as Nonfarm Business Sector: Real Output Per Hour of All Persons

Productivity (data release)
Nonfarm productivity – data release on Nov 5th 2015
Productivity and Unit Labor Cost
Nonfarm business sector – real output per hour of all persons

It is worth noting that BLS’ quarterly release contains several measures of labor output, but investors and market participants generally refer to the nonfarm business sub-index of the data release

Productivity - nonfarm business labor productivity output
Nonfarm business labor output

Federal Reserve Bank of Chicago also focused on this topic in its research report.

Next article11 06 2015 | by Victor Xing | Capital Markets

What are the challenges faced by the financial industry?