BLS announces corrections to Q4 productivity released on March 7th, which is now shown at +3.3% vs initial published estimate of +3.2%
- Notes incorrect data were included in the productivity and costs revised fourth quarter and annual averages 2023 news release, related data tables, charts and database.
- Notes a computation error in off the clock (otc) hours worked ratios biased downward the labor hours levels underlying the productivity and costs news release.
- Notes this error affected quarterly and annual hours worked data and all labor-related measures, including labor productivity, from first quarter 2019 through fourth quarter 2023 in all sectors.
26 Apr 2024 - 18:50- Important- Source: Newswires
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