September 07, 2007
Productivity in the nonfarm business sector—as measured by output per hour—grew at a revised seasonally adjusted annual rate of 2.6 percent in the second quarter of 2007. Productivity growth for the second quarter was originally estimated at 1.8 percent.
Output in the nonfarm business sector increased at an annual rate of 5.0 percent in the second quarter; the preliminary estimate was 4.2 percent. Hours of all persons—employees, proprietors, and unpaid family members—rose by 2.3 percent, which was the same as the preliminary estimate.
In the first quarter of 2007, productivity increased 0.7 percent, output rose 0.3 percent, and hours fell 0.3 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. Additional information is available in "Productivity and Costs, Second Quarter 2007, Revised" (PDF) (TXT), news release USDL 07-1362.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Second-quarter productivity growth revised upward on the Internet at http://www.bls.gov/opub/ted/2007/sept/wk1/art04.htm (visited April 30, 2016).
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.