Nonfarm business labor productivity up 9.5 percent in third quarter 2009
November 06, 2009
Nonfarm business sector labor productivity increased at a 9.5-percent annual rate during the third quarter of 2009, the largest gain in productivity since the third quarter of 2003, when it rose 9.7 percent.
From the third quarter of 2008 to the third quarter of 2009, nonfarm business output fell 3.5 percent and hours worked fell faster, 7.5 percent, resulting in a productivity increase of 4.3 percent.
The four-quarter decline in hours was the largest in the series, which begins in 1948. Nonfarm business productivity rose 1.8 percent in 2008 and 2.6 percent per year on average during the 2001–2007 period corresponding to the last complete business cycle.
These data are from the Productivity and Costs program. The data are subject to revision. More data on productivity, output, hours and related measures can be found in "Productivity and Costs: Third Quarter 2009, Preliminary" (HTML) (PDF), news release USDL-09-1330.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Nonfarm business labor productivity up 9.5 percent in third quarter 2009 on the Internet at http://www.bls.gov/opub/ted/2009/ted_20091106.htm (visited November 27, 2015).
Recent editions of Spotlight on Statistics
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.