Productivity in third quarter 2004
November 05, 2004
Productivity in the nonfarm business sector—as measured by output per hour—grew at a 1.9-percent annual rate during the third quarter of 2004. Output grew 4.1 percent and hours worked rose 2.1 percent (seasonally adjusted annual rates).
Nonfarm business productivity increased 3.9 percent in the second quarter of 2004, as output grew 4.2 percent and hours rose by 0.3 percent.
Hourly compensation increased at a 3.6-percent annual rate in the third quarter of 2004. When the rise in consumer prices is taken into account, real hourly compensation rose 1.7 percent during the July-September period. During the second quarter of 2004, real hourly compensation had risen 0.2 percent.
These data are from the BLS Productivity and Costs program. Data are subject to revision. Additional information is available in "Productivity and Costs, Third Quarter 2004," news release USDL 04-2259.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity in third quarter 2004 on the Internet at http://www.bls.gov/opub/ted/2004/nov/wk1/art05.htm (visited October 06, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
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.