Productivity, output, and hours in 2008
February 06, 2009
In 2008, productivity—as measured by output per hour of all persons—rose 2.8 percent in the nonfarm business sector. This productivity increase, the largest since a similar gain in 2004, was due more to the declines in hours than the small gains in output.
Output increased 1.0 percent in 2008 and hours decreased 1.8 percent.
In 2007, the increase in productivity was 1.4 percent, while output increased 2.0 percent and hours rose by 0.5 percent.
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 2008" (PDF) (HTML), news release USDL 09-0116.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity, output, and hours in 2008 on the Internet at http://www.bls.gov/opub/ted/2009/feb/wk1/art05.htm (visited April 25, 2015).
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