March 05, 2004
Productivity in the nonfarm business sector—as measured by output per hour—increased at a revised rate of 4.4 percent in the nonfarm business sector during 2003.
A preliminary estimate of 4.2 percent had been reported on February 5, based on information available at that time. The upward revision in productivity growth was due to a larger decrease in hours than originally reported.
Output in the nonfarm business sector grew 3.7 percent in 2003; this increase is the same as the preliminary estimate. Hours of all persons were down 0.7 percent, following an initially reported decline of 0.5 percent.
During 2002, productivity had increased 5.0 percent in nonfarm business, as output rose 2.3 percent and hours of all persons fell 2.6 percent.
These data are from the BLS Productivity and Costs program. Data are subject to revision. Additional information is available in "Productivity and Costs, Fourth Quarter 2003, Revised" (PDF) (TXT), news release USDL 04-337.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity growth in 2003 revised upward on the Internet at http://www.bls.gov/opub/ted/2004/mar/wk1/art05.htm (visited December 18, 2014).
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.