Strong productivity growth in 2000
February 08, 2001
Productivity in the nonfarm business sector, as measured by output per hour, rose 4.3 percent in 2000. The increase was the biggest since a 4.5-percent rise in 1983.
The increase in productivity during 2000 was due to a 5.7-percent growth in output and a 1.3-percent rise in hours. During 1999, productivity increased 2.6 percent, as output grew 4.8 percent and hours of all persons increased 2.2 percent.
These data are a product of the BLS Quarterly Labor Productivityprogram. Data are subject to revision. Additional information is available in "Productivity and Costs, Fourth-Quarter and Annual Averages for 2000 (Preliminary)," news release USDL 01-40.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Strong productivity growth in 2000 on the Internet at http://www.bls.gov/opub/ted/2001/feb/wk1/art04.htm (visited March 28, 2015).
Three recent editions of Spotlight on Statistics
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.