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Small revision in first-quarter productivity growth

June 03, 2002

Productivity in the nonfarm business sector, as measured by output per hour, increased at a revised seasonally adjusted annual rate of 8.4 percent in the first quarter of 2002. A preliminary estimate of 8.6 percent had been reported early in May, based on information available at that time.

Previous and revised productivity and related measures, nonfarm business, first quarter 2002 (quarterly percent change at seasonally adjusted annual rates)
[Chart data—TXT]

The increase in output per hour in the first quarter was the largest since the second quarter of 1983, when growth was 9.9 percent.

The rise in output in the first quarter was revised downward from 6.5 percent to 6.1 percent. The movement in hours was also revised downward, from a decrease of 1.9 percent to a decrease of 2.1 percent. Hours worked in the nonfarm business sector now have declined in seven of the last eight quarters.

These data are a product of the BLS Productivity and Costs program. Data are subject to revision. Additional information is available in "Productivity and Costs, First Quarter 2002 (revised), (PDF) (TXT) news release USDL 02-318.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Small revision in first-quarter productivity growth at https://www.bls.gov/opub/ted/2002/jun/wk1/art01.htm (visited November 30, 2021).

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