May 08, 2009
Productivity—as measured by output per hour of all persons—increased 0.8 percent in the nonfarm business sector in the first quarter of 2009, as output declined 8.2 percent and hours of all persons dropped 9.0 percent (seasonally adjusted annual rates).
The decrease in hours, 9.0 percent, was the largest since the first quarter of 1975, when hours fell 12.0 percent.
Over the last four quarters, productivity in the nonfarm business sector grew 1.8 percent. This was lower than the 2.5 percent average rate of growth from 2000 to 2007.
These data are from the BLS Productivity and Costs program. Data are subject to revision. For more information, see "Productivity and Costs, First Quarter 2009, Preliminary" (PDF) (HTML), news release USDL 09-0481.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity in first quarter 2009 on the Internet at http://www.bls.gov/opub/ted/2009/may/wk1/art05.htm (visited August 02, 2015).
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
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.