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).

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Most recent - Thursday 7 August 2025 12:30

-1.8%

Revised

-1.8%

Forecast

2.5%

Actual

2.4%

Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.

Next event - Thursday 4 September 2025 12:30

Forecast

Actual

The typical/expected impact on USD pairs is medium.

There is no forecast value for Nonfarm Productivity yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Nonfarm Productivity was 2.4% against a forecast of 2.5%.

Past events

Date

Forecast

Actual

Thursday 7 August 2025 12:30

2.5%

2.4%

Thursday 5 June 2025 12:30

-0.7%

-1.5%

Thursday 8 May 2025 12:30

-0.4%

-0.8%

Thursday 6 March 2025 13:30

1.2%

1.5%

Thursday 6 February 2025 13:30

1.7%

1.2%

Tuesday 10 December 2024 13:30

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

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%

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%

Economic context

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

		Previous	Latest
Building Permits (MoM)	Bearish change	1.393M	1.354M
Housing Starts (MoM)	Bullish change	1.321M	1.428M
UoM 1-year Consumer Inflation Expectations	Bullish change	4.5%	4.9%
UoM 5-year Consumer Inflation Expectation	Bullish change	3.4%	3.9%
Michigan Consumer Expectations Index	Bearish change	57.7	57.2
Michigan Consumer Sentiment Index	Bearish change	61.7	58.6
Industrial Production (MoM)	Bearish change	0.4%	-0.1%
NY Empire State Manufacturing Index	Bullish change	5.5	11.9
Retail Sales (MoM)	Bearish change	0.9%	0.5%
Retail Sales Control Group	Bearish change	0.8%	0.5%
Retail Sales ex Autos (MoM)	Bearish change	0.8%	0.3%
Initial Jobless Claims	Bullish change	227K	224K
Producer Price Index (MoM)	Bullish change	0%	0.9%
Producer Price Index (YoY)	Bullish change	2.4%	3.3%
Producer Price Index ex Food & Energy (MoM)	Bullish change	0%	0.9%
Producer Price Index ex Food & Energy (YoY)	Bullish change	2.6%	3.7%
Monthly Budget Statement	Bearish change	$27B	$-291B
Consumer Price Index (MoM)	Bearish change	0.3%	0.2%
Consumer Price Index (YoY)	(no change)	2.7%	2.7%
Consumer Price Index ex Food & Energy (MoM)	Bullish change	0.2%	0.3%
Consumer Price Index ex Food & Energy (YoY)	Bullish change	2.9%	3.1%
Initial Jobless Claims	Bearish change	218K	226K
Unit Labor Costs	Bearish change	6.9%	1.6%

About Nonfarm Productivity

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

Related events

	Australia		Unemployment Rate s.a.
	Australia		Employment Change s.a.
	Canada		Unemployment Rate
	Canada		Net Change in Employment
	New Zealand		Unemployment Rate
	New Zealand		Employment Change
	United Kingdom		Employment Change
	United Kingdom		ILO Unemployment Rate (3M)
	United Kingdom		Claimant Count Change
	United States		Nonfarm Payrolls
	United States		ADP Employment Change
	United States		Average Hourly Earnings (MoM)
	United States		Average Hourly Earnings (YoY)
	Australia		Wage Price Index (QoQ)
	Australia		Part-Time Employment
	Australia		Participation Rate
	Australia		Full-Time Employment
	Canada		Average Hourly Wages (YoY)
	Germany		Unemployment Change
	Germany		Unemployment Rate s.a.
	Eurozone		Unemployment Rate
	Eurozone		Employment Change (QoQ)
	Japan		Labor Cash Earnings (YoY)
	Japan		Unemployment Rate
	New Zealand		Participation Rate
	New Zealand		Labour Cost Index (QoQ)
	United Kingdom		Claimant Count Rate
	United Kingdom		Average Earnings Including Bonus (3Mo/Yr)
	United Kingdom		Average Earnings Excluding Bonus (3Mo/Yr)
	United States		ISM Manufacturing Employment Index
	United States		Unit Labor Costs
	United States		Personal Income (MoM)
	United States		Nonfarm Payrolls Benchmark Revision
	United States		ISM Services Employment Index
	United States		Unemployment Rate
	United States		JOLTS Job Openings
	United States		Initial Jobless Claims
	United States		Challenger Job Cuts
	United States		Labor Force Participation Rate
	United States		U6 Underemployment Rate
	United States		Employment Cost Index

Calendar - Nonfarm Productivity - United States

Nonfarm Productivity

Most recent - Thursday 7 August 2025 12:30

Next event - Thursday 4 September 2025 12:30

Trading range

Trading range after each Nonfarm Productivity event

Forecast history

Past events

Economic context

About Nonfarm Productivity

Related events