Fourth-quarter productivity growth revised downward
March 07, 2007
In the nonfarm business sector, productivity—as measured by output per hour—increased at a revised seasonally adjusted annual rate of 1.6 percent in the fourth quarter of 2006. This represented a downward revision from the preliminary productivity estimate of 3.0 percent.
Output in the nonfarm business sector increased at an annual rate of 2.5 percent in the fourth quarter of 2006; the preliminary estimate was 4.2 percent.
Hours of all persons—employees, proprietors, and unpaid family workers—rose 0.9 percent, following an initially reported estimate of 1.2 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, Fourth Quarter and Annual Averages, 2006 Revised" (PDF) (TXT), news release USDL 07-0338.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Fourth-quarter productivity growth revised downward on the Internet at http://www.bls.gov/opub/ted/2007/mar/wk1/art03.htm (visited October 21, 2014).
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