Upward revision of fourth-quarter productivity growth
March 07, 2003
Productivity in the nonfarm business sector—as measured by output per hour—increased at a revised seasonally adjusted annual rate of 0.8 percent in the fourth quarter of 2002.
A preliminary estimate of -0.2 percent had been reported in February, based on information available at that time. The upward revision was mostly due to a larger increase in output than originally reported.
Output in the nonfarm business sector increased 1.7 percent in the fourth quarter, revised upward from a preliminary estimate of 0.8 percent. Hours of all persons were up 0.9 percent, slightly less than the 1.0 percent previously reported.
These data are from the BLS Productivity and Costs program. Data are subject to revision. Additional information is available in "Productivity and Costs, Fourth Quarter 2002 (revised)" (PDF) (TXT), news release USDL 03-98.
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/2003/mar/wk1/art05.htm (visited October 02, 2014).
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.