Upward revision of fourth-quarter productivity growth
March 07, 2003
Productivity in the nonfarm business sector—as measured by output per hour—increased at a revised seasonally adjusted annual rate of 0.8 percent in the fourth quarter of 2002.
A preliminary estimate of -0.2 percent had been reported in February, based on information available at that time. The upward revision was mostly due to a larger increase in output than originally reported.
Output in the nonfarm business sector increased 1.7 percent in the fourth quarter, revised upward from a preliminary estimate of 0.8 percent. Hours of all persons were up 0.9 percent, slightly less than the 1.0 percent previously reported.
These data are from the BLS Productivity and Costs program. Data are subject to revision. Additional information is available in "Productivity and Costs, Fourth Quarter 2002 (revised)" (PDF) (TXT), news release USDL 03-98.
Bureau of Labor Statistics, U.S. Department of Labor, The Editor's Desk, Upward revision of fourth-quarter productivity growth on the Internet at http://www.bls.gov/opub/ted/2003/mar/wk1/art05.htm (visited August 20, 2014).
Spotlight on Statistics: Productivity
This edition of Spotlight on Statistics examines labor productivity trends from 2000 through 2010 for selected industries and sectors within the nonfarm business sector of the U.S. economy. Read more »