Productivity figure revised upward

September 07, 2000

Productivity in the nonfarm business sector, as measured by output per hour, was revised upward from 5.3 to 5.7 percent at a seasonally adjusted annual rate during the second quarter of 2000. Productivity rose at a 1.9 percent rate in the first quarter.

Growth in output per hour of all persons, nonfarm business, seasonally adjusted, 1998 III-2000 II (Percent change from previous quarter at annual rate)
[Chart data—TXT]

Output in nonfarm business rose 6.1 percent in the second quarter, after increasing 5.2 percent during the first quarter of 2000. Hours of all persons working in the sector gained 0.4 percent in the second quarter. The increase in hours was the smallest since the first quarter of 1996, when hours decreased by 0.1 percent.

These data are a product of the BLS Quarterly Labor Productivity program. Data are subject to revision. Additional information is available in Productivity and Costs, Second Quarter, 2000 (revised)news release USDL 00-253.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity figure revised upward on the Internet at http://www.bls.gov/opub/ted/2000/sept/wk1/art03.htm (visited September 25, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • Employment and Wages in Healthcare Occupations
    Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.

  • Fifty years of looking at changes in peoples lives
    Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.