Fourth-quarter productivity growth in factories revised upward
May 08, 2001
Productivity in manufacturing, as measured by output per hour, increased at a revised seasonally adjusted annual rate of 5.3 percent in the fourth quarter of 2000. A preliminary growth rate of 4.8 percent had been reported last month, based on information available at that time.
Output decreased 1.8 percent in manufacturing and hours of all persons declined 6.7 percent in the fourth quarter of 2000. The change in output earlier reported (based on more limited information) was a decrease of 2.1 percent. The percent change in hours based on the latest information is about the same as in last month's report.
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 2000 (revised)," news release USDL 01-56.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Fourth-quarter productivity growth in factories revised upward on the Internet at http://www.bls.gov/opub/ted/2001/mar/wk1/art03.htm (visited November 23, 2014).
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