May 08, 2008
Productivity--as measured by output per hour of all persons--increased 2.2 percent in the nonfarm business sector in the first quarter of 2008 as output rose 0.4 percent and hours of all persons fell 1.8 percent (seasonally adjusted annual rates).
The decrease in hours was the largest since the first quarter of 2003, when hours fell 2.3 percent, and followed a 1.6-percent decline in the previous quarter.
These data are from the BLS Productivity and Costs program. Data are subject to revision. For more information, see "Productivity and Costs, First Quarter 2008, Preliminary" (PDF) (TXT), news release USDL 08-0618.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity in first quarter 2008 on the Internet at http://www.bls.gov/opub/ted/2008/may/wk1/art04.htm (visited November 27, 2015).
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.