Upward revision of second quarter 2003 productivity growth
September 05, 2003
Productivity in the nonfarm business sector—as measured by output per hour—increased at a revised seasonally adjusted annual rate of 6.8 percent in the second quarter of 2003.
A preliminary estimate of 5.7 percent had been reported on August 7, based on information available at that time. The upward revision was due primarily to a larger increase in output than originally reported.
Output in the nonfarm business sector grew 4.4 percent in the second quarter, revised upward from a preliminary estimate of 3.4 percent. Hours of all persons were down 2.3 percent, following an initially reported decline of 2.2 percent.
These data are from the BLS Productivity and Costs program. Data are subject to revision. Additional information is available in "Productivity and Costs, Second Quarter 2003, Revised" (PDF) (TXT), news release USDL 03-466.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Upward revision of second quarter 2003 productivity growth on the Internet at https://www.bls.gov/opub/ted/2003/sept/wk1/art04.htm (visited January 16, 2018).
Recent editions of Spotlight on Statistics
Industry on Tap: Breweries
A look at employment, wages, and job safety in breweries and producer prices for beer.
Differences in Parents’ Time Use between the Summer and the School Year
A look at how parents of school-age children spend their time in the summer and the school year.
Hispanics in the United States: Celebrating National Hispanic Heritage Month
A look at employment, earnings, consumer spending, time use, and workplace injuries and illnesses for the Hispanic or Latino U.S. population.
Expenditures on Admissions to the Arts, Movies, Sporting Events, and Other Entertainment
A look at consumer spending and attendance at arts, sports, and entertainment events.