Jump in productivity in first quarter
May 08, 2002
Productivity, measured by output per hour, increased at a seasonally adjusted annual rate of 8.6 percent in the nonfarm business sector in the first quarter of 2002. Output increased 6.5 percent and hours of all persons decreased 1.9 percent.
The first-quarter gain was the largest increase in nonfarm business sector output per hour since the second quarter of 1983, when it rose 9.9 percent.
During the fourth quarter of 2001, productivity had increased 5.5 percent (seasonally adjusted annual rate). Output rose 1.5 percent in the fourth quarter and hours fell 3.8 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, First Quarter 2002," news release USDL 02-261.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Jump in productivity in first quarter on the Internet at http://www.bls.gov/opub/ted/2002/may/wk1/art03.htm (visited August 28, 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.