Productivity
Productivity, output, and hours worked during recessions, nonfarm business sector, quarterly periods during recessions, 1948–2009
Period |
Average annual rate of change |
Productivity |
Output |
Hours |
Q4 1948–Q4 1949 |
4.0 |
-1.0 |
-4.7 |
Q2 1953–Q2 1954 |
1.0 |
-3.7 |
-4.6 |
Q3 1957–Q2 1958 |
1.0 |
-6.6 |
-7.5 |
Q2 1960–Q1 1961 |
0.2 |
-2.5 |
-2.7 |
Q4 1969–Q4 1970 |
2.5 |
-0.5 |
-3.0 |
Q4 1973–Q1 1975 |
0.2 |
-4.1 |
-4.2 |
Q1 1980–Q3 1980 |
-1.6 |
-5.8 |
-4.3 |
Q3 1981–Q4 1982 |
-0.6 |
-3.1 |
-2.6 |
Q3 1990–Q1 1991 |
-1.3 |
-4.3 |
-3.1 |
Q1 2001–Q4 2001 |
5.2 |
0.6 |
-4.4 |
Q4 2007–Q2 2009 |
0.8 |
-5.3 |
-6.0 |
Source: Labor Productivity and Costs | Chart