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 December 09, 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.