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Lesson: Focus on Economic Data: Productivity - August 7, 2003


Focus on Economic Data: Productivity - November 7, 2002

The Bureau of Labor Statistics of the U.S. Department of Labor today reported preliminary productivity data--as measured by output per hour of all persons--for the third quarter of 2002. The seasonally-adjusted annual rate of productivity growth in the third quarter was 4.0 percent. This figure measures changes in what is described by the Bureau of Labor Statistics as the nonfarm business sector and is the most commonly used measure of changes in productivity.

Grades: 9-12
Published: 11/07/2002

Focus on Economic Data: Productivity - February 6, 2003

The Bureau of Labor Statistics of the U.S. Department of Labor today reported preliminary productivity data--as measured by output per hour of all persons in the nonfarm business sector--for the fourth quarter of 2002. The seasonally-adjusted annual rate of productivity growth was a negative .2 percent. For the entire year, the increase in productivity was 4.7 percent. Productivity change in the nonfarm business sector is the most commonly used gauge of productivity.

Grades: 9-12
Published: 02/06/2003

Focus on Economic Data: Productivity - September 5, 2002

The Bureau of Labor Statistics of the U.S. Department of Labor today reported revised productivity data--as measured by output per hour of all persons--for the second quarter of 2002. The seasonally-adjusted annual rate of productivity growth in the second quarter was 1.5 percent. The increase in productivity is larger than the 1.1% reported on August 9, due primarily to upward revisions in the level of output. The productivity number referred to is that of the nonfarm business sector, the most commonly used gauge of productivity.

Grades: 9-12
Published: 09/05/2002

Related Publications

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Trading Around the World

Created as a supplement to existing middle school world geography and world history courses, the 5 units in this guide introduce students to the basics of global trade.

Grades: 6-9
Published: 2007

1 out of 7 lessons from this publication relate to this EconEdLink lesson.