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Mix-Ansicht- PRODUCTIVITY AND COSTS Q2 Realeinkommen -1%... Inflation... - CRASH_GURU, 02.09.2004, 15:51
PRODUCTIVITY AND COSTS Q2 Realeinkommen -1%... Inflation...
-->PRODUCTIVITY AND COSTS
Second Quarter 2004
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 2004. The seasonally adjusted annual
rates of productivity change in the second quarter were:
1.5 percent in the business sector and
2.5 percent in the nonfarm business sector.
In both sectors, increases in productivity were smaller than reported on
Aug. 10, as output was revised down and hours were revised up. (See
table C.)
In manufacturing, the revised productivity changes in the second quarter
were:
6.9 percent in manufacturing,
4.9 percent in durable goods manufacturing, and
9.7 percent in nondurable goods manufacturing.
In total manufacturing, the change in productivity was revised down from
a preliminary estimate of 7.5 percent. Output and hours in manufacturing,
which includes about 13 percent of U.S. business-sector employment, tend to
vary more from quarter to quarter than data for the aggregate business and
nonfarm business sectors. Second-quarter measures are summarized in table A
and appear in detail in tables 1 through 5; the differences between these
measures and the preliminary second-quarter figures issued on Aug. 10 are
shown in table C......
Real hourly compensation, which takes into account changes in
consumer prices, fell 1.0 percent in the second quarter of 2004, after
falling 0.8 percent in the first quarter of the year. The second-quarter
decline was the largest since real hourly compensation fell 1.6 percent in
the second quarter of 2000.
Unit labor costs rose 2.1 percent in the second quarter of 2004, after
dropping 1.1 percent in the first quarter. The second-quarter rise was the
fastest since the first quarter of 2001, when unit labor costs rose 7.4
percent. The implicit price deflator for the business sector rose 3.3
percent in the second quarter, up from a 2.1-percent rise in the first
quarter. The second-quarter increase also was the fastest in recent years;
the last comparable increase in the implicit price deflator occurred when it
rose 3.4 percent in the first quarter of 2000.
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