Until 8:30 A.M. Est, Tuesday, March 6, 2001 — 2001-03-06

The Bureau of Labor Statistics of the U.S. Department of Labor today reported revised fourth-quarter seasonally-adjusted annual rates of productivity change--as measured by output per hour of all persons--and revised annual changes for the full year 2000. Percent changes in business and nonfarm business productivity were: In both sectors, fourth-quarter productivity increases reflected small gains in output combined with drops in hours of all persons. Fourth-quarter productivity and related measures are summarized in table A and appear in detail in tables 1 through 5; the preliminary and revised fourth-quarter and annual data appear in table C. Manufacturing productivity rose 5.3 percent (seasonally adjusted annual rate) in the fourth quarter. This increase was higher than originally reported, reflecting an upward revision to output per hour in durable goods-- labor productivity was revised down in nondurable goods manufacturing. (Output and hours in manufacturing, which includes about 17 percent of U.S.