Third-quarter productivity growth revised upward
February 06, 2003
Productivity in the nonfarm business sector—as measured by output per hour—increased at a revised seasonally adjusted annual rate of 5.1 percent in the third quarter of 2002. A preliminary estimate of 4.0 percent had been reported in November. The upward revision was due to a larger increase in output than originally reported.
Output in the nonfarm business sector increased 5.1 percent in the third quarter, revised upward from a preliminary estimate of 4.1 percent. Hours of all persons were unchanged, as employment rose 0.6 percent, while average weekly hours fell 0.6 percent.
The third quarter productivity increase was higher than the 1.7-percent rise in the second quarter, but lower than the 8.6-percent increase registered in the first quarter of the year.
These data are from the BLS Productivity and Costs program. Data are subject to revision. Additional information is available in "Productivity and Costs, Third Quarter 2002 (revised)" (PDF) (TXT), news release USDL 02-668.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Third-quarter productivity growth revised upward on the Internet at https://www.bls.gov/opub/ted/2002/dec/wk1/art04.htm (visited December 11, 2016).
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.