March 4, 2010

Productivity Increases in Q4 2009

From the Bureau of Labor Statistics (emphasis is mine):

Nonfarm business sector labor productivity increased at a 6.9 percent annual rate during the fourth quarter of 2009, the U.S. Bureau of Labor Statistics reported today. The gain in productivity reflects a 7.6 percent increase in output partially offset by a 0.6 percent increase in hours worked. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the fourth quarter of 2008 to the fourth quarter of 2009, productivity increased 5.8 percent as output declined 0.2 percent and hours fell 5.7 percent (table A). The annual measure of productivity increased 3.8 percent from 2008 to 2009 (table D).

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