Third-quarter productivity growth revised downward
December 07, 2001
Productivity in the nonfarm business sector, as measured by output per hour, increased at a revised seasonally adjusted annual rate of 1.5 percent in the third quarter of 2001. A preliminary growth rate of 2.7 percent had been reported last month, based on information available at that time.
The change in output in the third quarter was revised downward from a decline of 1.0 percent to a decline of 2.0 percent. The change in hours was revised upward slightly from a decrease of 3.6 percent to a decrease of 3.4 percent.
The declines in output and hours in the third quarter of 2001 were the largest declines since the first quarter of 1991, when output decreased 3.2 percent and hours fell 4.8 percent.
These data are a product of the BLS Productivity and Costsprogram. Data are subject to revision. Additional information is available in "Productivity and Costs, Third Quarter 2001 (revised)," news release USDL 01-452.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Third-quarter productivity growth revised downward on the Internet at http://www.bls.gov/opub/ted/2001/dec/wk1/art05.htm (visited September 25, 2016).
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.