Productivity in second quarter 2005
August 10, 2005
Productivity in the nonfarm business sector—as measured by output per hour—increased at a seasonally adjusted annual rate of 2.2 percent during the second quarter of 2005. Output increased 4.4 percent and hours of all persons rose 2.1 percent.
Output per hour grew at a 3.2-percent annual rate in the first quarter of 2005, as output increased 4.3 percent and hours increased 1.1 percent.
Hourly compensation in the nonfarm business sector increased 3.5 percent in the second quarter of 2005, less than the 6.9-percent rise one quarter earlier. When the rise in consumer prices is taken into account, real hourly compensation fell 0.6 percent in the second quarter of 2005 after increasing 4.5 percent in the first quarter.
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 2005, Preliminary" (PDF) (TXT), news release USDL 05-1513.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity in second quarter 2005 on the Internet at http://www.bls.gov/opub/ted/2005/aug/wk2/art03.htm (visited December 07, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.