Productivity growth in first quarter 2008 revised upward
June 05, 2008
During the first quarter of 2008, productivity--as measured by output per hour--rose at a revised seasonally adjusted annual rate of 2.6 percent in the nonfarm business sector. Productivity growth for the first quarter was originally estimated at 2.2 percent.
Output in the nonfarm business sector increased at an annual rate of 0.7 percent in the first quarter; the original estimate was 0.4 percent. Hours of all persons engaged in the sector declined 1.8 percent; the original estimate was also a 1.8-percent decline.
In the fourth quarter of 2007, productivity increased 1.8 percent, reflecting a gain of 0.2 percent in output and a decrease of 1.6 percent in hours.
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, First Quarter 2008, Revised," news release USDL 08-0756.
Bureau of Labor Statistics, U.S. Department of Labor, The Editor's Desk, Productivity growth in first quarter 2008 revised upward on the Internet at http://www.bls.gov/opub/ted/2008/jun/wk1/art04.htm (visited April 25, 2014).
Spotlight on Statistics: Productivity
This edition of Spotlight on Statistics examines labor productivity trends from 2000 through 2010 for selected industries and sectors within the nonfarm business sector of the U.S. economy. Read more »