February 07, 2002 (The Editor’s Desk is updated each business day.)
Productivity growth in 2001
Productivity in the nonfarm business sector, as measured by output per hour, rose 1.8 percent in 2001. This was the smallest annual productivity gain since 1995, when output per hour increased 0.9 percent.
[Chart data—TXT]
The rise in productivity during 2001 was due to a 0.8-percent growth in output and a 0.9-percent drop in hours. During 2000, productivity increased 3.3 percent, as output grew 4.5 percent and hours of all persons increased 1.1 percent.
These data are a product of the BLS Productivity
and Costsprogram. Data are subject to revision. Additional
information is available in "Productivity
and Costs, Fourth-Quarter and Annual Averages for 2001
(Preliminary)," news release USDL 02-64.
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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