Productivity growth in 2001
February 07, 2002
Productivity in the nonfarm business sector, as measured by output per hour, rose 1.8 percent in 2001. This was the smallest annual productivity gain since 1995, when output per hour increased 0.9 percent.
The rise in productivity during 2001 was due to a 0.8-percent growth in output and a 0.9-percent drop in hours. During 2000, productivity increased 3.3 percent, as output grew 4.5 percent and hours of all persons increased 1.1 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, Fourth-Quarter and Annual Averages for 2001 (Preliminary)," news release USDL 02-64.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity growth in 2001 on the Internet at http://www.bls.gov/opub/ted/2002/feb/wk1/art04.htm (visited November 28, 2014).
Three recent editions of Spotlight on Statistics
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.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.