May 07, 2004 (The Editor’s Desk is updated each business day.)
Productivity growth in first quarter
Nonfarm business sector productivity—as measured by output per hour—rose at a seasonally adjusted annual rate of 3.5 percent in the first quarter of 2004.
[Chart data—TXT]
Output increased 4.9 percent and hours of all persons increased 1.3 percent in the first quarter. In the fourth quarter of 2003, productivity had risen 2.5 percent, reflecting increases in output and hours of 4.2 and 1.6 percent, respectively.
These data are from the BLS Productivity and Costs program. Data are subject to revision. Additional information is available in
"Productivity and Costs, First Quarter
2004" (PDF) (TXT),
news release USDL 04-817.
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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