Revision of fourth-quarter productivity growth
March 08, 2006
In the nonfarm business sector, productivity—as measured by output per hour—fell at a seasonally adjusted annual rate of 0.5 percent in the fourth quarter of 2005. This was slightly less than the 0.6-percent decline reported previously.
[Chart data—TXT]
Nonfarm business productivity last declined during the first quarter of 2001, when it fell 0.6 percent.
Output in the nonfarm business sector grew at an annual rate of 1.5 percent in the fourth quarter of 2005; the preliminary estimate was 0.9 percent.
Hours of all persons were up 2.0 percent, following an initially reported estimate of 1.5 percent.
These data are from the BLS Productivity and Costs program. Data in this report are seasonally adjusted annual rates. These estimates are subject to revision. Additional information is available in "Productivity and Costs, Fourth Quarter and Annual Averages, 2005 Revised" (PDF) (TXT), news release USDL 06-394.
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
