Upward revision in second-quarter productivity growth
September 06, 2002
Productivity in the nonfarm business sector, as measured by output per hour, increased at a revised seasonally adjusted annual rate of 1.5 percent in the second quarter of 2002. A preliminary estimate of 1.1 percent had been reported in August, based on information available at that time.
The rise in output in the second quarter was revised upward from 0.5 percent to 0.8 percent. The movement in hours was the same as originally reported, a decrease of 0.7 percent. Hours worked in the nonfarm business sector have declined in eight of the last nine 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, Second Quarter 2002 (revised)" (PDF) (TXT), news release USDL 02-508.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Upward revision in second-quarter productivity growth on the Internet at https://www.bls.gov/opub/ted/2002/sept/wk1/art04.htm (visited January 16, 2017).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.