Productivity growth in second quarter revised downward
September 03, 2004
Productivity in the nonfarm business sector—as measured by output per hour—increased at a revised seasonally adjusted annual rate of 2.5 percent in the second quarter of 2004.
A preliminary estimate of 2.9 percent had been reported on August 10, based on information available at that time. The productivity revision reflects a downward revision to output and an upward revision to hours.
Output in the nonfarm business sector grew at an annual rate of 3.5 percent in the second quarter, revised from a preliminary estimate of 3.8 percent.
Hours of all persons were up 1.0 percent, following an initially reported estimate of 0.8 percent (seasonally adjusted annual rates).
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 2004, Revised" (PDF) (TXT), news release USDL 04-1727.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity growth in second quarter revised downward on the Internet at http://www.bls.gov/opub/ted/2004/aug/wk5/art05.htm (visited July 06, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
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.