AI comes to the rescue as U.S. Q1 productivity growth is revised down to 0.3%

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汇通财经2026/06/04 13:09

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The U.S. Department of Labor announced on Thursday that the annualized growth rate of nonfarm productivity for Q1 was revised downward to 0.3%, the slowest since Q1 2025. The previous initial value was 0.8%, while economists surveyed by institutions expected a downward revision to 0.5%.
From Q4 2019 to Q1 2026, U.S. productivity still maintains an annualized growth of 2.1%. Economists believe that the increasing adoption of artificial intelligence by enterprises will boost productivity and restrain labor costs.
The growth rate of unit labor costs for Q1 was revised downward to 1.8%, compared to the initial value of 2.3%. Economists had expected 2.5%. The growth rate of unit labor costs for Q4 was sharply revised downward from 4.6% to 2.1%.
The annualized growth of hourly wages for Q1 is 2.1%, while the year-on-year growth is 3.3%. Last week, the U.S. Q1 GDP growth rate was revised downward to 1.6%, much lower than the previously reported 2.0%, which explains the slowdown in productivity growth.

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AI comes to the rescue as U.S. Q1 productivity growth is revised down to 0.3%

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