Productivity and Compensation Growth Across Business Cycles
Created on July 17, 2013
AVERAGE QUARTERLY PRODUCTIVITY GROWTH Note: Quarterly productivity is expressed in annualized rates. Source: Heritage Foundation calculations using data from the U.S. Department of Labor, Bureau of Labor Statistics, “Productivity and Costs,” http://www.bls.gov/lpc/data.htm (accessed June 15, 2013). Productivity and compensation are for nonfarm businesses and adjusted for inflation using the implicit price deflator.