Productivity in first quarter 2007
May 04, 2007
Productivity—as measured by output per hour of all persons—rose 1.7 percent in the nonfarm business sector in the first quarter of 2007, as output grew 1.4 percent and hours of all persons decreased by 0.3 percent (seasonally adjusted annual rates).
In the fourth quarter of 2006, productivity had risen 2.1 percent, reflecting increases in output and hours of 2.9 percent and 0.8 percent, respectively.
Hourly compensation increased 2.3 percent in the first quarter of 2007, less rapidly than in the fourth quarter, when it grew 8.5 percent. When the rise in consumer prices was taken into account, real hourly compensation fell 1.5 percent in the first quarter, in contrast to a 10.8-percent increase in the fourth quarter of 2006.
These data are from the BLS Productivity and Costs program. Data are subject to revision. For more information, see "Productivity and Costs, First Quarter 2007, Preliminary," (PDF) (TXT), news release USDL 07-0637.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity in first quarter 2007 on the Internet at http://www.bls.gov/opub/ted/2007/apr/wk5/art05.htm (visited October 24, 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.