Fourth-quarter productivity growth revised downward
March 07, 2007
In the nonfarm business sector, productivity—as measured by output per hour—increased at a revised seasonally adjusted annual rate of 1.6 percent in the fourth quarter of 2006. This represented a downward revision from the preliminary productivity estimate of 3.0 percent.
Output in the nonfarm business sector increased at an annual rate of 2.5 percent in the fourth quarter of 2006; the preliminary estimate was 4.2 percent.
Hours of all persons—employees, proprietors, and unpaid family workers—rose 0.9 percent, following an initially reported estimate of 1.2 percent.
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, Fourth Quarter and Annual Averages, 2006 Revised" (PDF) (TXT), news release USDL 07-0338.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Fourth-quarter productivity growth revised downward on the Internet at http://www.bls.gov/opub/ted/2007/mar/wk1/art03.htm (visited May 30, 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.