Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

Download Now!

This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

Download Now!
August 10, 2004
Productivity Growth Slows, Hourly Compensation Rises

Productivity grew by an annual rate of 2.9 percent during the second quarter of 2004, as output increased 3.8 percent and hours of all persons rose 0.8 percent, the Bureau of Labor Statistics reported.

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!

Productivity growth was slower in the second quarter than it was the first quarter.

Hourly compensation increased 4.9 percent in the second quarter of 2004, up from the 4.0-percent rise one quarter earlier. When the rise in consumer prices is taken into account, real hourly compensation rose 0.1 percent in the second quarter of 2004 and 0.3 percent in the first quarter.

Unit labor costs, which reflect changes in both hourly compensation and productivity, increased 1.9 percent in the second quarter of 2004, after rising 0.3 percent during the first quarter.

Productivity increased 7.5 percent in manufacturing, as output grew 6.6 percent and hours of all persons declined 0.9 percent. In the previous quarter, productivity rose 2.8 percent.

The bureau revised overall productivity figures downward for the first quarter, from 3.8 percent to 3.7 percent.

Featured Special Report:
Top 100 FLSA Overtime Q&As
Twitter  Facebook  Linked In
Follow Us
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: