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!
May 06, 2004
Productivity Continues to Rise

Productivity--as measured by worker output per hour-increased at an annual rate of 3.5 percent in the first quarter of 2004, according to Bureau of Labor Statistics.

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 and output increased more in the first quarter than they had in the fourth quarter of 2003 while the hours of all persons grew more slowly.

Output increased 4.9 percent and hours of all persons increased 1.3 percent (seasonally adjusted annual rates). In the fourth quarter of 2003, productivity had risen 2.5 percent, revised downward from the 2.7 percent increase reported in a February report.

Hourly compensation increased at a 4.0 percent annual rate in the first quarter of 2004, more rapidly than the 2.5-percent increase in the fourth quarter. When the rise in consumer prices was taken into account, real hourly compensation grew by 0.4 percent in the first quarter; it had increased 1.7 percent in the fourth quarter of 2003.

Unit labor costs grew 0.5 percent in the first quarter of 2004; they were unchanged in the fourth quarter of 2003.

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/Staffing-Training/Staffing-Recruiting/Productivity-Continues-to-Rise/