Upward revision in second-quarter productivity growth

September 06, 2002

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 second quarter of 2002. A preliminary estimate of 1.1 percent had been reported in August, based on information available at that time.

Previous and revised productivity and related measures, nonfarm business, second quarter 2002 (quarterly percent change at seasonally adjusted annual rates)
[Chart data—TXT]

The rise in output in the second quarter was revised upward from 0.5 percent to 0.8 percent. The movement in hours was the same as originally reported, a decrease of 0.7 percent. Hours worked in the nonfarm business sector have declined in eight of the last nine quarters.

These data are a product of the BLS Productivity and Costs program. Data are subject to revision. Additional information is available in "Productivity and Costs, Second Quarter 2002 (revised)" (PDF) (TXT), news release USDL 02-508.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Upward revision in second-quarter productivity growth on the Internet at http://www.bls.gov/opub/ted/2002/sept/wk1/art04.htm (visited June 29, 2016).

OF INTEREST

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.