Data released by the Ministry of labor on Friday showed that the unit time output value of non-agricultural employees increased by 7.3% in the second quarter, the largest increase since the first quarter of 2009; productivity in the first quarter was revised to decline by 0.3%. Economists surveyed by Bloomberg expect productivity growth of 1.5% in the second quarter. Unit labor costs surged by 12.2%, up 9.8% in the first quarter. Output value decreased by 38.9%, the largest quarterly decline since records began in 1947. Working hours fell by 43%, the biggest drop in history. Although the epidemic led to a record decline in output value in the second quarter, the reduction in working hours was even greater, pushing up productivity. As the economy rebounds from the worst recession since the 1940s and business activity accelerates, productivity and unit labor cost data are likely to remain volatile. Compared with the same period last year, productivity increased by 2.2% and unit labor cost increased by 5.7%. The report also showed an inflation adjusted annual rate of 24.8% in the second quarter and 8.1% in the first quarter.