Productivity growth in fourth quarter 2007
March 06, 2008
Productivity in the nonfarm business sector—as measured by output per hour—grew at a revised seasonally adjusted annual rate of 1.9 percent during the fourth quarter of 2007. Productivity growth for the fourth quarter was originally estimated at 1.8 percent.
Output in the nonfarm business sector increased at an annual rate of 0.3 percent in the fourth quarter; the original estimate was 0.4 percent. Hours of all persons engaged in the sector declined 1.6 percent; the original estimate was a 1.5-percent decline.
In the third quarter of 2007, productivity increased 6.3 percent, reflecting a gain of 5.6 percent in output and a decrease of 0.6 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, Fourth Quarter and Annual Averages, 2007 Revised" (PDF) (HTML), news release USDL 08-0293.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity growth in fourth quarter 2007 on the Internet at http://www.bls.gov/opub/ted/2008/mar/wk1/art04.htm (visited May 26, 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.