State:
Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
March 03, 2005
Productivity Rate Revised Upward

Productivity rose at an annual rate of 2.1 percent in the fourth quarter of 2004, much higher than a previous estimate indicated, according to the Bureau of Labor Statistics of the U.S. Department of Labor.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

In an earlier report, the bureau said that productivity 0.8 percent in the fourth quarter.

The bureau revised productivity figures for the third quarter and the year downward. In the third quarter, productivity increased 1.3 percent, according to the revised report. On an annual average basis, productivity rose 4.0 percent in 2004.

Hourly compensation rose 3.4 percent in the fourth quarter, after increasing 5.4 percent in the third quarter. When the increase in consumer prices was taken into account, real hourly compensation fell 0.2 percent in the fourth quarter and rose 3.7 percent in the third quarter.

Unit labor costs rose 1.3 percent in the fourth quarter after increasing 4.0 percent one quarter earlier. The implicit price deflator increased 2.2 percent in the fourth quarter, and 1.8 percent in the third quarter, of 2004.

Featured Free Resource:
Cost Per Hire Calculator
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB06
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on http://Compensation.BLR.com
Document URL: http://compensation.blr.com/Compensation-news/Compensation/Compensation-Administration/Productivity-Rate-Revised-Upward/