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Average annual change in employment, GDP, hours, and productivity, 1948–2011

Employment GDP Average hours Productivity
1948–1979 1.7% 3.8% -0.3% 2.4%
1979–1989 1.7 3.0 0.0 1.3
1989–2000 1.5 3.3 0.0 1.8
1989–1995 1.2 2.4 -0.1 1.3
1995–2000 1.9 4.3 0.0 2.3
2000–2007 0.5 2.4 -0.2 2.1
2007–2011 -1.3 0.2 -0.1 1.5
2007–2008 -0.7 -0.3 -0.3 0.8
2008–2009 -4.2 -3.5 -1.3 2.1
2009–2010 -0.9 3.0 0.9 3.1
2010–2011 0.9 1.6 0.5 0.2

Note: Employment growth = GDP growth – average hours growth – productivity growth.

Source: Authors' analysis of unpublished Total Economy Productivity data from the Bureau of Labor Statistics Labor Productivity and Costs program

Updated May 15, 2012

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