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!
February 03, 2005
Pace Slows for Productivity Growth

In the fourth quarter, productivity grew by the smallest margin since early 2001, 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!

Productivity--as measured by output per hour--grew at an annual rate of 0.8 percent in the fourth quarter, down from the 1.8 percent rise in the third quarter.

On an annual average basis, productivity rose 4.1 percent. Hourly compensation in the nonfarm business sector rose 3.1 percent in the fourth quarter of 2004, following a 3.5-percent increase in the third quarter. When changes in consumer prices were taken into account, real hourly compensation declined 0.3 percent during the fourth quarter of 2004 and increased 1.6 percent in the third quarter.

Unit labor costs increased 2.3 percent in the fourth quarter, after rising 1.6 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/HR-Administration/Employment-Statistics/Pace-Slows-for-Productivity-Growth-/