Productivity in first quarter 2005
May 06, 2005
Productivity in the nonfarm business sector—as measured by output per hour—rose at a seasonally adjusted annual rate of 2.6 percent in the first quarter of 2005.
Output grew 3.6 percent and hours of all persons increased by 1.0 percent.
In the fourth quarter of 2004, productivity had risen 2.1 percent, reflecting increases in output and hours of 3.7 and 1.6 percent, respectively.
Hourly compensation increased 4.8 percent in the first quarter of 2005, more rapidly than in the fourth quarter, when it grew 3.8 percent. When the rise in consumer prices was taken into account, real hourly compensation rose 2.4 percent in the first quarter, up from 0.2 percent in the fourth quarter of 2004.
These data are from the BLS Productivity and Costs program. Data are subject to revision. Additional information is available in "Productivity and Costs, First Quarter 2005, Preliminary" (PDF) (TXT), news release USDL 05-787.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity in first quarter 2005 on the Internet at http://www.bls.gov/opub/ted/2005/may/wk1/art05.htm (visited July 02, 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.