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 01, 2014).
Three recent editions of Spotlight on Statistics
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.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.