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Labor productivity decreases in 1st Quarter

According to the 8:34:09, May 20th 2012 extract by the Bureau of Labor Statistics, major productivity sector and cost decreased by .6% in the 1st Quarter of 2012 from the 4th Quarter of 2011.

In the 4th Quarter of 2011, major productivity sector and cost increased by 1.2%.   In the 3rd Quarter of 2011, it increased 1.5%, in the 2nd Quarter of 2011, decreased by -.01%, in the 1st Quarter 2011, decreased by -1.8%.

For the full year 2011, major productivity sector and cost increased by .2%.   Though the annual figure increase of .2% represents an increase for the year, it was down significantly from the 2010 annual increase in productivity at 4.0%, which was a major increase for 2010.    The increase was 2.5% in 2009