Productivity climbs in third quarter
November 07, 2003
Productivity in the nonfarm business sector grew at a seasonally adjusted annual rate of 8.1 percent in the third quarter of 2003.
Output grew 8.8 percent in the third quarter, faster than at any time since the fourth quarter of 1992, when it increased 9.8 percent (seasonally adjusted annual rates). Hours worked in the nonfarm business sector rose 0.7 percent, reflecting a 0.3-percent gain in employment combined with a 0.4-percent increase in average weekly hours at work.
After revisions, nonfarm business productivity increased 7.0 percent in the second quarter of 2003, as output grew 4.6 percent and hours declined 2.2 percent.
These data are from the BLS Productivity and Costs program. Productivity is measured here as output per hour of all persons. Data are subject to revision. Additional information is available in "Productivity and Costs, Third Quarter 2003" (PDF) (TXT), news release USDL 03-674.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity climbs in third quarter on the Internet at http://www.bls.gov/opub/ted/2003/nov/wk1/art05.htm (visited February 27, 2015).
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.