Little revision to third-quarter productivity growth
December 08, 2004
Productivity in the nonfarm business sector—as measured by output per hour—increased at a revised seasonally adjusted annual rate of 1.8 percent in the third quarter of 2004. The preliminary estimate, made in early November, was 1.9 percent.
Output in the nonfarm business sector grew at an annual rate of 4.2 percent in the third quarter; the preliminary estimate was 4.1 percent.
Hours of all persons were up 2.4 percent, following an initially reported estimate of 2.1 percent.
These data are from the BLS Productivity and Costs program. Data in this report are seasonally adjusted annual rates. These estimates are subject to revision. Additional information is available in "Productivity and Costs, Third Quarter 2004, Revised" (PDF) (TXT), news release USDL 04-2461.
Bureau of Labor Statistics, U.S. Department of Labor, The Editor's Desk, Little revision to third-quarter productivity growth on the Internet at http://www.bls.gov/opub/ted/2004/dec/wk1/art03.htm (visited March 10, 2014).
Spotlight on Statistics: Productivity
This edition of Spotlight on Statistics examines labor productivity trends from 2000 through 2010 for selected industries and sectors within the nonfarm business sector of the U.S. economy. Read more »