August 08, 2003 (The Editor’s Desk is updated each business day.) Productivity advances in second quarterNonfarm business sector productivity—as measured by output per hour—was up at a seasonally adjusted annual rate of 5.7 percent in the second quarter of 2003. Output rose 3.4 percent and hours of all persons declined 2.2 percent in the second quarter. Output per hour grew at a 2.1 percent annual rate in the first quarter of 2003, as output increased 1.4 percent and hours decreased 0.7 percent. Happy 10th Birthday, TED!The very first issue of The Editor's Desk (TED) was posted on September 28, 1998. TED was the first online-only publication of the Bureau of Labor Statistics. For 10 years, BLS has been committed to posting a new TED article each business day, for a total of over 2,400 articles so far. |
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