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Monetary Policy Report submitted to the Congress on February 27, 2008, pursuant to section 2B of the Federal Reserve Act

Table for figure of Change in Output per Hour, 1948-2007
Percent, annual rate
Period Change in output per hour
1948-1973 2.7
1974-1995 1.5
1996-2000 2.6
2001 3.3
2002 2.9
2003 4.7
2004 1.8
2005 1.7
2006 0.9
2007 2.6

Note: Nonfarm business sector. Change for each multiyear period is measured to the fourth quarter of the final year of the period from the fourth quarter of the year immediately preceding the period.

Source: Department of Labor, Bureau of Labor Statistics.

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