December 06, 2006 (The Editor’s Desk is updated each business day.) Productivity growth revised upward in the third quarterProductivity in the nonfarm sector—as measured by output per hour—rose 0.2 percent during the third quarter of 2006, after revision. The preliminary estimate was that productivity had remained unchanged. In the third quarter of 2006, output increased 2.3 percent and hours of all persons increased 2.1 percent; the preliminary figures both were 1.6 and 1.6 percent. In the second quarter of 2006, productivity gained 1.6 percent, as output increased 3.1 percent, and hours grew 1.5 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. For more information, see "Productivity and Costs, Third Quarter 2006, revised" (PDF) (TXT), news release 06-2039. 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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