If you care about output per hour, make sure to divide by the hourly wage.
Economists tend to measure the economy using productivity metrics such as output per hour worked.
This represents an enormous increase in productivity, output per hour worked on the farm.
The same has been going on in manufacturing for decades: more manufacturing output per hour worked.
For the whole year, Mr Chaney forecasts that output per hour will grow by 2.1%.
Output per hour there rose by 7.2% a year in 1995-2004, against 5% in the previous quarter-century.
The most important driver of our prosperity over time is productivity, or output per hour or per day worked.
Over the last three decades, American factories have become vastly more productive in terms of output per hour of labor.
Restrictions on hours mean that output per hour is bound to rise, as firms shed lower-value, yet still profitable, tasks.
Labour productivity continues to grow, with non-farm output per hour increasing by 1.1% at an annual rate in the second quarter.
Businesses usually increase productivity or output per hour worked by developing labor-saving devices and processes, in recent years that has involved computers.
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French productivity, measured by output per hour, has indeed risen since 2000.
Today's puzzle: How and why employers managed to boost productivity, or output per hour of work, like never before during the worst recession in decades?
Investment is key to ensuring workers boost their output per hour.
In America the annual growth rates of output per hour leapt from 2.6% to 4.4% in distribution and from 0.2% to 2.6% in finance and business services.
Ideally, productivity will grow briskly because of new technology, innovation and trade, but in the short-term higher output per hour worked can be a substitute for hours worked.
We should bear in mind that total output and our standard of living depend on the productivity of our workers (output per hour worked) times the number of hours worked.
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After falling in the first half of the year, American labour productivity (output per hour) was 2.3% higher in the third quarter of 2011 than in the same period a year earlier.
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To confuse matters more, the most popular productivity measure in America is output per hour in the non-farm business sector, which grew by an annual average of 2.5% over the past five years.
When you measure productivity in terms of output per hour worked, instead of output per worker, these ONS numbers show that our productivity growth has not been very different from other European countries.
Labor-saving inventions, technology, business processes, and trade all increase productivity output per hour worked and form the basis for higher wages as well as higher profits and the basis for our growing standard of living.
You see, U.S. productivity, which is a measure of employee output per hour, is now increasing at an unusually high rate of 4%, the fastest pace since leaving the depressed recession of 2002.
The Labor Department reported Wednesday that productivity, the amount of output per hour of work, increased at an annual rate of 2.2% in the first quarter, higher than the 1.5% increase that had been expected.
Output per worker per hour grew at an annual pace of 9.4% in the third quarter, the fastest rate for 20 years.
U.S. manufacturers now produce three and a half times more output per worker hour than they did in the peak employment year of 1979, in part because offshoring has sent many low-value jobs overseas, but also because automation has replaced lots of factory jobs.
Whereas in 2000 Canada's output per man-hour was 82% of America's, it is now only 75%.
Mr Fitzgerald calculates that, if weekly wages fall by 12.5%, exactly matching the reduction in hours worked, and if output per man-hour remains the same, then employment would actually decline slightly.
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