December 08, 2004 (The Editor’s Desk is updated each business day.)
Little revision to third-quarter productivity growth
Productivity in the nonfarm business sector—as measured by output per
hour—increased at a revised seasonally adjusted annual rate of 1.8
percent in the third quarter of 2004. The preliminary estimate, made in
early November, was 1.9 percent.
[Chart data—TXT]
Output in the nonfarm business sector grew at an annual rate of 4.2
percent in the third quarter; the preliminary estimate was 4.1 percent.
Hours of all persons were up 2.4 percent, following an initially reported
estimate of 2.1 percent.
These data are from the BLS Productivity and Costs program. Data in this report are seasonally adjusted annual rates. These estimates are subject to revision. Additional information is available in
"Productivity and Costs, Third Quarter 2004,
Revised" (PDF) (TXT),
news release USDL 04-2461.
Of interest
Spotlight on Statistics: National Hispanic Heritage Month
In this Spotlight, we take a look at the Hispanic labor force—including labor force participation, employment and unemployment, educational attainment, geographic location, country of birth, earnings, consumer expenditures, time use, workplace injuries, and employment projections.
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