First quarter 2010 productivity growth revised downward
June 08, 2010
During the first quarter of 2010, nonfarm business sector labor productivity—as measured by output per hour—increased at a 2.8 percent annual rate, with output rising 4.0 percent and hours rising 1.1 percent. Nonfarm business productivity growth was revised down to 2.8 percent from the 3.6 percent preliminary estimate, reflecting a downward revision to output and an upward revision to hours.
Unit labor costs fell 1.3 percent in the first quarter, a slightly smaller decline than reported previously.
From the first quarter of 2009 to the first quarter of 2010, output increased 3.0 percent while hours fell 3.0 percent, yielding an increase in productivity of 6.1 percent. This gain in productivity from the same quarter a year ago was the largest since output per hour increased 6.1 percent over the four-quarter period ending in the first quarter of 2002.
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 2009, Revised" (HTML) (PDF), news release USDL-10-0747. Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours of all persons, including employees, proprietors, and unpaid family workers. The revised measures were based on more recent source data than were available for the preliminary report.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, First quarter 2010 productivity growth revised downward on the Internet at http://www.bls.gov/opub/ted/2010/ted_20100608.htm (visited February 09, 2016).
Recent editions of Spotlight on Statistics
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
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.