Q1 Productivity Revised to 1.9% Gain

Newman, Emily
June 2003
Bond Buyer;6/5/2003, Vol. 344 Issue 31650, p2
Trade Publication
This article focuses on the increase in productivity outside the farm sector in the first quarter of fiscal year 2003, according to revised figures released by the U.S. Labor Department on June 4, 2003. Non-farm unit labor costs grew 1.5 percent in the first quarter, compared with a preliminary estimate of a 1.9 percent rise and a fourth quarter increase of 3.2 percent. Hourly compensation rose 3.4 percent in the first quarter, compared with a 3.5 percent estimated increase in the preliminary figures, and following a revised 3.9 percent increase in the fourth quarter.


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