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 September 30, 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.