Productivity in third quarter 2007
November 08, 2007
Productivity—as measured by output per hour of all persons—grew 4.9 percent in the third quarter of 2007 in the nonfarm business sector as output grew 4.3 percent and hours worked declined 0.5 percent (seasonally adjusted annual rates).
The third-quarter productivity increase was the largest since a 10.4-percent increase in the third quarter of 2003.
Nonfarm business productivity increased 2.4 percent over the last four quarters, more than the 1.0-percent increase in calendar year 2006, and approaching the 2.7-percent average from 2000 to 2005.
These data are from the BLS Productivity and Costs program. Data are subject to revision. For more information, see "Productivity and Costs, Third Quarter 2007, Preliminary" (PDF) (TXT), news release USDL 07-1740.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity in third quarter 2007 on the Internet at http://www.bls.gov/opub/ted/2007/nov/wk1/art04.htm (visited May 24, 2016).
Recent editions of Spotlight on Statistics
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.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.