Factory productivity growth in first quarter 2005

June 03, 2005

Productivity in the manufacturing sector—as measured by output per hour—increased at a revised seasonally adjusted annual rate of 4.4 percent in the first quarter of 2005. The preliminary estimate, published in early May, was 3.9 percent.

Previous and revised productivity and related measures, manufacturing, first quarter 2005 (quarterly percent change at seasonally adjusted annual rate)
[Chart data—TXT]

Output in manufacturing grew at an annual rate of 3.5 percent in the first quarter; the preliminary estimate was 3.3 percent.

Hours of all persons were down 0.9 percent; initially a decrease of 0.7 percent was reported.

These data are from the BLS Productivity and Costs program. Data in this report are seasonally adjusted annual rates. These estimates are subject to revision. Additional information is available in "Productivity and Costs, First Quarter 2005, Revised" (PDF) (TXT), news release USDL 05-964.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Factory productivity growth in first quarter 2005 on the Internet at http://www.bls.gov/opub/ted/2005/may/wk5/art04.htm (visited September 30, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • 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.