Productivity in first quarter 2006
May 05, 2006
Productivity—as measured by output per hour of all persons—rose 3.2 percent in the nonfarm business sector in first-quarter 2006 as output grew 5.8 percent and hours of all persons increased by 2.5 percent (seasonally adjusted annual rates).
In the fourth quarter of 2005, productivity had declined 0.3 percent, reflecting increases in output and hours of 1.5 percent and 1.8 percent, respectively.
Hourly compensation increased 5.7 percent in the first quarter of 2006, more rapidly than in the fourth quarter of 2005, when it grew 2.7 percent. When the rise in consumer prices was taken into account, real hourly compensation rose 3.6 percent in the first quarter, in contrast to a 0.6-percent decline in the fourth quarter of 2005.
These data are from the BLS Productivity and Costs program. Data are subject to revision. For more information, see "Productivity and Costs, First Quarter 2006, Preliminary" (PDF) (TXT), news release USDL 06-776.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity in first quarter 2006 on the Internet at http://www.bls.gov/opub/ted/2006/may/wk1/art05.htm (visited October 23, 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.