Fri07252014

Last updateThu, 24 Jul 2014 2pm

Back You are here: Home News Industry Headlines Manufacturing & The Economy U.S. Worker Productivity Rises at Modest Pace

Manufacturing & The Economy

U.S. Worker Productivity Rises at Modest Pace

Nonfarm business sector labor productivity increased at a 1.9% annual rate during the third quarter of 2013, the U.S. Bureau of Labor Statistics reports. The increase in productivity reflects increases of 3.7% in output and 1.7% in hours worked. (All quarterly% changes in this release are seasonally adjusted annual rates.) From the third quarter of 2012 to the third quarter of 2013, productivity was unchanged as a 1.8% increase in output was matched by a 1.8% increase in hours worked.

Manufacturing sector productivity rose 0.4% in the third quarter of 2013, as output and hours worked increased 1.3% and 0.8%, respectively. Productivity increased 1.2% in the durable goods sector and decreased 0.1% in the nondurable goods sector. Over the last four quarters, manufacturing productivity increased 2.3%, as output increased 2.3% and hours edged up 0.1%. Unit labor costs in manufacturing rose 1.3% in the third quarter of 2013 and were unchanged from the same quarter a year ago. 

 

Valve Magazine Digital Edition

14 SUM CVR 160x214Inside the Summer 2014 issue…

• Attracting Talent
• Advances in Machining
• Severe Service in Power Plants
• SIS Tests and Standards

CLICK HERE TO REQUEST YOUR
DIGITAL EDITION PREVIEW EMAIL

buy nandrolone decanoate clenbuterol results steroids on athletes where to get needles and syringes pro hormones for sale