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The BLS Productivity program discovered processing errors in the first quarter 2021 estimates of hours worked for the business, manufacturing, and nonfinancial corporate sectors. The error in hours worked resulted in errors for first quarter 2021 hours worked and related measures, including labor productivity. Initial estimates of the corrected first quarter 2021 productivity data are as follows (note these corrected measures do not include updated source data on output and hours released after the respective publication dates):
Published 2021Q1 Preliminary | Corrected | Difference | ||||
---|---|---|---|---|---|---|
Labor productivity | Hours worked | Labor productivity | Hours worked | Labor productivity | Hours worked | |
Nonfarm Business |
5.4 | 2.9 | 4.5 | 3.7 | -0.9 | 0.8 |
Business |
5.4 | 2.8 | 4.5 | 3.6 | -0.8 | 0.8 |
Manufacturing |
0.1 | 2.3 | -0.6 | 3.0 | -0.7 | 0.7 |
Nondurable Manufacturing |
0.3 | -0.2 | 0.0 | 0.1 | -0.3 | 0.3 |
Durable Manufacturing |
0.7 | 3.9 | -0.3 | 4.9 | -0.9 | 1.0 |
Published 2021Q1 Revised | Corrected | Difference | ||||
---|---|---|---|---|---|---|
Labor productivity | Hours worked | Labor productivity | Hours worked | Labor productivity | Hours worked | |
Nonfarm Business |
5.4 | 3.0 | 4.5 | 3.9 | -0.9 | 0.9 |
Business |
5.2 | 2.9 | 4.3 | 3.8 | -0.9 | 0.9 |
Manufacturing |
-1.7 | 3.1 | -2.4 | 3.8 | -0.7 | 0.8 |
Nondurable Manufacturing |
-3.7 | 0.7 | -4.0 | 1.0 | -0.3 | 0.4 |
Durable Manufacturing |
1.1 | 4.6 | 0.1 | 5.6 | -1.0 | 1.0 |
Nonfinancial Corporations |
5.8 | 2.8 | 4.9 | 3.7 | -1.0 | 0.9 |
Last Modified Date: July 20, 2021