Monetary Policy Report submitted to the Congress on July 18, 2007, pursuant to section 2B of the Federal Reserve Act
| Period | Change in output per hour |
|---|---|
| 1948-73 | 2.7 |
| 1974-95 | 1.5 |
| 1996-2000 | 2.6 |
| 2001 | 3.3 |
| 2002 | 2.9 |
| 2003 | 4.7 |
| 2004 | 1.8 |
| 2005 | 2.1 |
| 2006 | 1.6 |
| 2007:Q1 | 1.0 |
|
Note: Nonfarm business sector. Change for each multiyear period is measured from the fourth quarter of the year immediately preceding the period to the fourth quarter of the final year of the period. Source: Department of Labor, Bureau of Labor Statistics. |