Productivity rises as output and hours fall
November 08, 2001
Productivity in the nonfarm business sector, as measured by output per hour, rose at a seasonally adjusted annual rate of 2.7 percent during the third quarter of 2001.
The increase in labor productivity occurred as output declined 1.0 percent and hours of all persons fell 3.6 percent. The decline in hours was the largest since the first quarter of 1991, when hours fell 4.8 percent, and the decline in output was the largest since the first quarter of 1993, when it fell 1.3 percent.
Productivity rose 2.2 percent in the second quarter of 2001, as output declined 0.4 percent and hours decreased 2.5 percent.
These data are a product of the BLS Quarterly Labor Productivityprogram. Data are subject to revision. Additional information is available in "Productivity and Costs, Third Quarter 2001," news release USDL 01-402.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity rises as output and hours fall on the Internet at http://www.bls.gov/opub/ted/2001/nov/wk1/art04.htm (visited March 05, 2015).
Three recent editions of Spotlight on Statistics
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.