Material Is Embargoed — 2004-09-02

(This release was reissued on Wednesday, October 13, 2004, to correct some errors in the data. Data for the second quarter 2004 for business, nonfarm business, and manufacturing were not affected. The Productivity and Costs news release of August 10, 2004, which included revisions to historical measures, also contained some incorrect data. For more information, see www.bls.gov/lpc/note09022004.htm.) 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.) 6.9 percent in manufacturing, 4.9 percent in durable goods manufacturing, and 9.7 percent in nondurable goods manufacturing.