Productivity growth in 2003 revised upward
March 05, 2004
Productivity in the nonfarm business sector—as measured by output per hour—increased at a revised rate of 4.4 percent in the nonfarm business sector during 2003.
A preliminary estimate of 4.2 percent had been reported on February 5, based on information available at that time. The upward revision in productivity growth was due to a larger decrease in hours than originally reported.
Output in the nonfarm business sector grew 3.7 percent in 2003; this increase is the same as the preliminary estimate. Hours of all persons were down 0.7 percent, following an initially reported decline of 0.5 percent.
During 2002, productivity had increased 5.0 percent in nonfarm business, as output rose 2.3 percent and hours of all persons fell 2.6 percent.
These data are from the BLS Productivity and Costs program. Data are subject to revision. Additional information is available in "Productivity and Costs, Fourth Quarter 2003, Revised" (PDF) (TXT), news release USDL 04-337.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity growth in 2003 revised upward on the Internet at http://www.bls.gov/opub/ted/2004/mar/wk1/art05.htm (visited May 05, 2016).
Recent editions of Spotlight on Statistics
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.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.