Little revision to third-quarter productivity growth
December 08, 2004
Productivity in the nonfarm business sector—as measured by output per hour—increased at a revised seasonally adjusted annual rate of 1.8 percent in the third quarter of 2004. The preliminary estimate, made in early November, was 1.9 percent.
Output in the nonfarm business sector grew at an annual rate of 4.2 percent in the third quarter; the preliminary estimate was 4.1 percent.
Hours of all persons were up 2.4 percent, following an initially reported estimate of 2.1 percent.
These data are from the BLS Productivity and Costs program. Data in this report are seasonally adjusted annual rates. These estimates are subject to revision. Additional information is available in "Productivity and Costs, Third Quarter 2004, Revised" (PDF) (TXT), news release USDL 04-2461.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Little revision to third-quarter productivity growth on the Internet at http://www.bls.gov/opub/ted/2004/dec/wk1/art03.htm (visited May 03, 2016).
Recent editions of Spotlight on Statistics
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.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.