What does Y/L stand for?

Output Per Worker (macroeconomics)

This definition appears very rarely and is found in the following Acronym Finder categories:

Business, finance, etc.

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Samples in periodicals archive:

output per worker rose at its fastest pace in six years during the second quarter as businesses wrung more productivity from fewer staff in a sign that a recovery from recession will be slow and unlikely to create a surge in hiring.

Daily Wrap Up - August 11

We could achieve that same outcome in the United States and vault way ahead of Western Europe in output per worker simply by removing from the workforce all workers whose productivity is less than $100,000 a year.

Big government's return

Output per worker is 13 percent higher than the national average, more than offsetting the higher wages.

State remains powerful magnet for businesses

Driven by significant improvements in Germany, growth in output per worker last year rose to 1.

European workers catch up

In East Asia, where productivity levels showed the fastest increase in 2006 and have doubled in the past 10 years, output per worker was up from one-eighth in 1996 to one-fifth of the level found in the industrialized countries.

East Asia becoming more productive; U.S. still leads

In practice, a company may lower costs by shifting to less productive but substantially lower-cost contract labor, and from the company's perspective output per worker hour would fall, but measured productivity .

Quotable

Lets just say that if the productivity gap closes by just a quarter, then the output per worker could rise by more than 10% in six regions and would be worth around pounds 2,000 a year for each worker in those regions.

Power sharing would bring jobs bonanza

First, because hours data are not available at the State level, the authors use State employment estimates to measure output per worker instead of output per hour.

State labor productivity