Type:

E-book, Lesson Plan

Description:

The Bureau of Labor Statistics of the U.S. Department of Labor today reported preliminary productivity data -- as measured by output per hour of all persons in the nonfarm business sector -- for the fourth quarter of 2002. The seasonally-adjusted annual rate of productivity growth was a negative .2 percent. For the entire year, the increase in productivity was 4.7 percent. Productivity change in the nonfarm business sector is the most commonly used gauge of productivity.

Subjects:

  • Social Studies > General
  • Social Studies > Economics

Education Levels:

  • Grade 9
  • Grade 10
  • Grade 11
  • Grade 12

Keywords:

Economic Growth - Nominal Gross Domestic Product (GDP) - Per Capita Gross Domestic Product (GDP) - Production - Productivity - Real Gross Domestic Product (GDP)

Language:

English

Access Privileges:

Members

License Deed:

Creative Commons Attribution Non-Commercial

Collections:

None
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