Nonfarm business labor productivity up 9.5 percent in third quarter 2009
November 06, 2009
Nonfarm business sector labor productivity increased at a 9.5-percent annual rate during the third quarter of 2009, the largest gain in productivity since the third quarter of 2003, when it rose 9.7 percent.
From the third quarter of 2008 to the third quarter of 2009, nonfarm business output fell 3.5 percent and hours worked fell faster, 7.5 percent, resulting in a productivity increase of 4.3 percent.
The four-quarter decline in hours was the largest in the series, which begins in 1948. Nonfarm business productivity rose 1.8 percent in 2008 and 2.6 percent per year on average during the 2001–2007 period corresponding to the last complete business cycle.
These data are from the Productivity and Costs program. The data are subject to revision. More data on productivity, output, hours and related measures can be found in "Productivity and Costs: Third Quarter 2009, Preliminary" (HTML) (PDF), news release USDL-09-1330.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Nonfarm business labor productivity up 9.5 percent in third quarter 2009 on the Internet at https://www.bls.gov/opub/ted/2009/ted_20091106.htm (visited November 19, 2019).
Recent editions of Spotlight on Statistics
- A look at employment and wages in U.S. establishments with foreign ownership
Examines employment and wages in U.S. establishments that have at least one foreign owner with at least 10 percent ownership.
- 25 years of Worker Injury, Illness, and Fatality Case Data
Examines detailed historical data on work-related injuries, illnesses, and fatal injuries.
- Occupational employment projections through the perspective of education and training
Examines employment, projected employment growth, and wages for occupations with different education and training requirements.
- Workers in Alternative Employment Arrangements
A look at independent contractors, on-call workers, temporary help agency workers, and workers provided by contract firms.