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.
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.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Jump in productivity in first quarter on the Internet at https://www.bls.gov/opub/ted/2002/may/wk1/art03.htm (visited May 01, 2017).
Recent editions of Spotlight on Statistics
STEM occupations: past, present, and future
A look at employment and wages in science, technology, engineering, and mathematics occupations.
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.