Productivity growth in 2006
March 06, 2007
Productivity, as measured by output per hour, increased 2.1 percent in the nonfarm business sector in 2006, reflecting increases of 3.9 percent in output and 1.7 percent in hours.
This was the smallest annual increase in productivity since 1997, when output per hour rose 1.6 percent in the nonfarm business sector.
Output per hour had grown at an above-average rate of 3.3 percent from 2000 to 2004. Between 1990 and 2000, productivity in nonfarm businesses rose 2.0 percent per year, on average.
These data are from the BLS Productivity and Costs program. Data are subject to revision. For more information, see the "Productivity and Costs, Preliminary Fourth Quarter and Annual Averages for 2006" (PDF) (TXT), news release USDL 07-0198.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity growth in 2006 on the Internet at http://www.bls.gov/opub/ted/2007/feb/wk1/art04.htm (visited July 27, 2016).
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.