May 5, 2000 (The Editor’s Desk is updated each business day.)
Productivity gain in first quarter
Productivity, as measured by output per hour, increased at a seasonally adjusted annual rate of 2.4 percent in the nonfarm business sector in the first quarter. Output increased 6.0 percent and hours of all persons rose 3.6 percent.
During the fourth quarter of 1999, productivity had increased 6.9 percent in this sector, reflecting gains of 8.5 percent in output and 1.5 percent in hours.
Unit labor costs rose 1.8 percent in the first quarter, after falling 2.9 percent in the fourth quarter of 1999. Unit labor costs—the cost of the labor input required to produce one unit of output—are computed by dividing labor costs in nominal terms by real output.
These data are a product of the BLS Quarterly Labor Productivity program. Data are subject to revision. Additional information is available in "Productivity and Costs, First Quarter 2000," news release USDL 00-125.
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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