Output growth vs. job growth
This chart compares year-over-year U.S. real-output growth with payroll-employment growth. It uses BEA and BLS data via FRED and aligns monthly jobs data to the quarterly GDP calendar; the relationship is descriptive and does not identify how productivity, hours, or labor-force changes produced the gap.
What does it show?
Output and employment usually move together, but the size of the gap changes as productivity and hours change.
Methodology
Real GDP (GDPC1), 4-quarter % change, vs. total nonfarm payrolls (PAYEMS), 12-month % change sampled at quarter months so both series share one time grid. Quarterly since 2000.