Third-quarter productivity growth revised upward
February 06, 2003
Productivity in the nonfarm business sector—as measured by output per hour—increased at a revised seasonally adjusted annual rate of 5.1 percent in the third quarter of 2002. A preliminary estimate of 4.0 percent had been reported in November. The upward revision was due to a larger increase in output than originally reported.
[Chart data—TXT]
Output in the nonfarm business sector increased 5.1 percent in the third quarter, revised upward from a preliminary estimate of 4.1 percent. Hours of all persons were unchanged, as employment rose 0.6 percent, while average weekly hours fell 0.6 percent.
The third quarter productivity increase was higher than the 1.7-percent rise in the second quarter, but lower than the 8.6-percent increase registered in the first quarter of the year.
These data are from the BLS Productivity and Costs program. Data are subject to revision. Additional information is available in "Productivity and Costs, Third Quarter 2002 (revised)" (PDF) (TXT), news release USDL 02-668.
OF INTEREST
Recent editions of Spotlight on Statistics
- Fatal Injuries to Foreign-Born Hispanic or Latino Workers
Explores the industries, occupations, and events related to these fatalities.
- For-Profit, Nonprofit, and Government Sector Jobs in 2022
Compares the labor force characteristics and experiences of workers in the for-profit, nonprofit, government, and self-employed sectors.
- Union Membership, Activity, and Compensation in 2022
Focuses on trends in union membership, work stoppages, and pay and benefits among union members.
- A Look at a Neat Industry: Distilleries
Examines trends in employment, establishments, wages, and consumer prices for distilleries.
- Healthcare Occupations: Characteristics of the Employed
Compares the demographic characteristics of workers in healthcare occupations.
United States Department of Labor
