Productivity growth in 2007

February 07, 2008

Productivity, as measured by output per hour, increased 1.6 percent in the nonfarm business sector in 2007, reflecting increases of 2.3 percent in output and 0.7 percent in hours.

Annual percent change in nonfarm business productivity, 1998-2007
[Chart data—TXT]

Productivity grew by 1.0 percent from 2005 to 2006.

From 2000 to 2005, output per hour grew at an average annual rate of 3.0 percent in the nonfarm business sector. Between 1990 and 2000, productivity rose 2.0 percent per year.

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 2007" (PDF) (HTML), news release USDL 08-0171.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity growth in 2007 on the Internet at http://www.bls.gov/opub/ted/2008/feb/wk1/art04.htm (visited June 30, 2016).

OF INTEREST

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.