Productivity and Costs by Industry, 2000 — 2002-04-23
Labor productivity--defined as output per hour--rose in 2000 in more than three- fourths of the 170 industries studied by the Bureau of…
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Labor productivity--defined as output per hour--rose in 2000 in more than three- fourths of the 170 industries studied by the Bureau of Labor Statistics, U.S. Department of Labor. Output rose in 71 percent of the industries, while hours rose in 44 percent. The share of industries with productivity increases during the 1990-2000 period was even greater. From 1990 to 2000, labor productivity increased in 92 percent of the industries. Output rose in 85 percent of the industries, while hours rose in only 46 percent. ****************************************************************************** * The industry productivity series in this release are based on the Standard * * Industrial Classification (SIC) system. Beginning with the next annual * * update in 2003, which will incorporate 2001 data, the industry series will * * be based on the North American Industry Classification System (NAICS). * * In addition, the base year for all index series will be shifted to 1997.
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