February 2012

BLS Spotlight on Statistics: The Recession of 20072009

Chart Data

Productivity

 

Productivity, output, and hours worked during recessions, nonfarm business sector, quarterly periods during recessions, 1948–2009
Period Average annual rate of change
Productivity Output Hours

Q4 1948–Q4 1949

4.0 -1.0 -4.7

Q2 1953–Q2 1954

1.0 -3.7 -4.6

Q3 1957–Q2 1958

1.0 -6.6 -7.5

Q2 1960–Q1 1961

0.2 -2.5 -2.7

Q4 1969–Q4 1970

2.5 -0.5 -3.0

Q4 1973–Q1 1975

0.2 -4.1 -4.2

Q1 1980–Q3 1980

-1.6 -5.8 -4.3

Q3 1981–Q4 1982

-0.6 -3.1 -2.6

Q3 1990–Q1 1991

-1.3 -4.3 -3.1

Q1 2001–Q4 2001

5.2 0.6 -4.4

Q4 2007–Q2 2009

0.8 -5.3 -6.0

Source: Labor Productivity and Costs | Chart

 

 

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