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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Lee who wrote (30814)	3/7/2000 8:41:00 AM
From: Lee	Read Replies (1) \| Respond to of 50167

Economic Data for Tuesday, March 7, 2000 Q4 Productivity = +6.4% Costs = -2.5% stats.bls.gov The Bureau of Labor Statistics of the U.S. Department of Labor today reported revised fourth-quarter seasonally-adjusted annual rates of productivity change--as measured by output per hour of all persons--and revised annual changes for the full year 1999. Percent changes in business and nonfarm business productivity were: Fourth Annual averages quarter 1998-1999 Business sector 6.1 3.1 Nonfarm business sector 6.4 3.0 In both sectors, the fourth-quarter productivity increases were the largest since the fourth quarter of 1992. Fourth-quarter productivity and related measures are summarized in table A and appear in detail in tables 1 through 5; the preliminary and revised fourth-quarter and annual data appear in table C. Unit labor costs fell 2.5 percent in the fourth quarter and had declined 0.3 percent in the third quarter of 1999. The implicit price deflator for nonfarm business rose more in the fourth quarter, 2.0 percent, than it had one quarter earlier, when it increased 0.7 percent.