Upward revision of fourth-quarter productivity growth
March 08, 2002
Productivity in the nonfarm business sector, as measured by output per hour, increased at a revised seasonally adjusted annual rate of 5.2 percent in the fourth quarter of 2001. A preliminary growth rate of 3.5 percent had been reported last month, based on information available at that time.
The change in output in the fourth quarter was revised upward from a decline of 0.4 percent to an increase of 1.2 percent. The change in hours was revised downward slightly from a decrease of 3.7 percent to a decrease of 3.8 percent.
During the third quarter, productivity had increased 1.1 percent, output had decreased 2.3 percent, and hours had declined 3.4 percent.
These data are a product of the BLS Productivity and Costsprogram. Data are subject to revision. Additional information is available in "Productivity and Costs, Fourth Quarter and Annual Averages, 2001 (revised)," news release USDL 02-123.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Upward revision of fourth-quarter productivity growth on the Internet at http://www.bls.gov/opub/ted/2002/mar/wk1/art05.htm (visited December 02, 2015).
Recent editions of Spotlight on Statistics
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.