Upward revision of second quarter 2003 productivity growth
September 05, 2003
Productivity in the nonfarm business sector—as measured by output per hour—increased at a revised seasonally adjusted annual rate of 6.8 percent in the second quarter of 2003.
A preliminary estimate of 5.7 percent had been reported on August 7, based on information available at that time. The upward revision was due primarily to a larger increase in output than originally reported.
Output in the nonfarm business sector grew 4.4 percent in the second quarter, revised upward from a preliminary estimate of 3.4 percent. Hours of all persons were down 2.3 percent, following an initially reported decline of 2.2 percent.
These data are from the BLS Productivity and Costs program. Data are subject to revision. Additional information is available in "Productivity and Costs, Second Quarter 2003, Revised" (PDF) (TXT), news release USDL 03-466.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Upward revision of second quarter 2003 productivity growth on the Internet at http://www.bls.gov/opub/ted/2003/sept/wk1/art04.htm (visited July 30, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
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.