Productivity growth in third quarter higher than originally reported
December 04, 2003
Productivity in the nonfarm business sector—as measured by output per hour—increased at a revised seasonally adjusted annual rate of 9.4 percent in the third quarter of 2003.
A preliminary estimate of 8.1 percent had been reported on November 6, based on information available at that time. The upward revision to productivity reflects a much larger upward revision to output than to hours.
Output in the nonfarm business sector grew at an annual rate of 10.3 percent in the third quarter, revised upward from a preliminary estimate of 8.8 percent. The output increase was the largest since the third quarter of 1983, when it rose 11.5 percent.
Hours of all persons were up 0.8 percent, following an initially reported estimate of 0.7 percent (seasonally adjusted annual rates). Hours last increased in the first quarter of 2000, when they rose 1.6 percent.
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 2003, Revised" (PDF) (TXT), news release USDL 03-815.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity growth in third quarter higher than originally reported on the Internet at http://www.bls.gov/opub/ted/2003/dec/wk1/art04.htm (visited December 10, 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.