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Jump in productivity in first quarter

May 08, 2002

Productivity, measured by output per hour, increased at a seasonally adjusted annual rate of 8.6 percent in the nonfarm business sector in the first quarter of 2002. Output increased 6.5 percent and hours of all persons decreased 1.9 percent.

Growth in output per hour of all persons, nonfarm business, seasonally adjusted, 2000 II-2002 I (percent change from previous quarter at annual rate)
[Chart data—TXT]

The first-quarter gain was the largest increase in nonfarm business sector output per hour since the second quarter of 1983, when it rose 9.9 percent.

During the fourth quarter of 2001, productivity had increased 5.5 percent (seasonally adjusted annual rate). Output rose 1.5 percent in the fourth quarter and hours fell 3.8 percent.

These data are a product of the BLS Productivity and Costsprogram. Data are subject to revision. Additional information is available in "Productivity and Costs, First Quarter 2002," news release USDL 02-261.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Jump in productivity in first quarter at https://www.bls.gov/opub/ted/2002/may/wk1/art03.htm (visited September 29, 2022).

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