Sorry to interrupt the mainstream media's daily deluge of bad news, but did anybody see the productivity numbers from BLS on Thursday? 2005.2's slightly weak number was revised upward, and 2005.3 came in at an annual rate of 4.1%. We're on track for a fourth straight year of over 3% growth. That is amazing. It's above the upper-bound forecasts of just a few years ago.
Series Id: PRS85006092
Duration: % change quarter ago, at annual rate
Measure: Output Per Hour
Sector: Nonfarm Business |
| Year | Qtr1 | Qtr2 | Qtr3 | Qtr4 | Annual |
|---|
| 1995 | -1.1 |
0.8 |
0.5 |
3.3 |
0.5 |
|---|
| 1996 | 3.9 |
4.2 |
1.1 |
0.6 |
2.7 |
|---|
| 1997 | -1.2 |
5.0 |
3.4 |
1.6 |
1.6 |
|---|
| 1998 | 3.2 |
1.2 |
4.5 |
2.1 |
2.8 |
|---|
| 1999 | 3.6 |
0.5 |
2.8 |
7.1 |
2.8 |
|---|
| 2000 | -2.0 |
7.2 |
-0.9 |
4.0 |
2.7 |
|---|
| 2001 | -0.4 |
5.6 |
1.5 |
6.5 |
2.5 |
|---|
| 2002 | 6.5 |
0.8 |
4.1 |
0.2 |
4.0 |
|---|
| 2003 | 3.1 |
6.6 |
9.6 |
0.8 |
3.8 |
|---|
| 2004 | 2.1 |
4.5 |
1.3 |
2.5 |
3.4 |
|---|
| 2005 | 3.2 |
2.1 |
4.1 |
|
|
|---|