Productivity in second quarter 2007
August 08, 2007
Productivity—as measured by output per hour of all persons—increased 1.8 percent in the nonfarm business sector during the second quarter of 2007 as output grew 4.2 percent and hours of all persons increased 2.3 percent (seasonally adjusted annual rates).
Revised results for first-quarter 2007 show that productivity increased 0.7 percent, output rose 0.3 percent, and hours declined 0.3 percent. Nonfarm business output per hour had increased at an average annual rate of 2.7 percent from 2000 through 2006.
Hourly compensation in the nonfarm business sector increased 3.9 percent in the second quarter of 2007, similar to a 3.7-percent rise one quarter earlier. When the 6.0-percent rise in consumer prices is taken into account, real hourly compensation fell 2.0 percent in the second quarter of 2007. It had fallen 0.2 percent in the first quarter.
These data are from the BLS Productivity and Costs program. Data are subject to revision. For more information, see "Productivity and Costs, Second Quarter 2007, Preliminary" (PDF) (TXT), news release USDL 07-1200.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity in second quarter 2007 on the Internet at http://www.bls.gov/opub/ted/2007/aug/wk1/art03.htm (visited March 26, 2015).
Three recent editions of Spotlight on Statistics
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.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.