U.S. flag

An official website of the United States government

Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Productivity down in fourth quarter

February 07, 2003

Nonfarm business sector productivity—as measured by output per hour—fell at a seasonally adjusted annual rate of 0.2 percent in the fourth quarter of 2002.

Growth in output per hour of all persons, nonfarm business, seasonally adjusted, 2001 I - 2002 IV (percent change from previous quarter at annual rate)
[Chart data—TXT]

Output rose by 0.8 percent and hours of all persons increased 1.0 percent in the fourth quarter. Productivity increased 5.5 percent in the third quarter (as revised), when output rose 5.2 percent and hours dropped 0.2 percent.

For the entire year 2002, productivity was up 4.7 percent in nonfarm business. This was the largest increase since 1950, when productivity rose 6.9 percent.

These data are a product of the BLS Productivity and Costs program. Data are subject to revision. Additional information is available in "Productivity and Costs, Fourth Quarter 2002" (PDF) (TXT), news release USDL 03-45.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity down in fourth quarter at https://www.bls.gov/opub/ted/2003/feb/wk1/art05.htm (visited September 17, 2024).

OF INTEREST
spotlight
Recent editions of Spotlight on Statistics



triangle