Upward revision of second quarter 2003 productivity growth
September 05, 2003
Productivity in the nonfarm business sector—as measured by output per hour—increased at a revised seasonally adjusted annual rate of 6.8 percent in the second quarter of 2003.
A preliminary estimate of 5.7 percent had been reported on August 7, based on information available at that time. The upward revision was due primarily to a larger increase in output than originally reported.
Output in the nonfarm business sector grew 4.4 percent in the second quarter, revised upward from a preliminary estimate of 3.4 percent. Hours of all persons were down 2.3 percent, following an initially reported decline of 2.2 percent.
These data are from the BLS Productivity and Costs program. Data are subject to revision. Additional information is available in "Productivity and Costs, Second Quarter 2003, Revised" (PDF) (TXT), news release USDL 03-466.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Upward revision of second quarter 2003 productivity growth on the Internet at http://www.bls.gov/opub/ted/2003/sept/wk1/art04.htm (visited November 23, 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.