Wed12242014

Last updateTue, 23 Dec 2014 1pm

Back You are here: Home News Industry Headlines Manufacturing & The Economy U.S. Productivity Rose in the Fourth Quarter of 2013

Manufacturing & The Economy

U.S. Productivity Rose in the Fourth Quarter of 2013

Nonfarm business sector labor productivity increased at a 3.2% annual rate during the fourth quarter of 2013, the U.S. Bureau of Labor Statistics reports. The increase in productivity reflects increases of 4.9% in output and 1.7% in hours worked.

Manufacturing sector productivity increased 2.0% in the fourth quarter of 2013, as output and hours worked increased 6.6% and 4.4%, respectively. Productivity increased 3.4% in the durable goods sector and increased 1.0% in the nondurable goods sector. Over the last four quarters, manufacturing productivity increased 2.1%, as output increased 3.3% and hours increased 1.2%. Unit labor costs in manufacturing fell 1.0% in the fourth quarter of 2013 and declined 0.9% from the same quarter a year ago. 

New Products

 

Valve Magazine Digital Edition

14 FALL CVR 160x214Inside the Fall 2014 issue…

• Market Outlook 2015
• Enhanced Oil Recovery
• Combined Cycle Power Plants
• Critical Role of Flanges

CLICK HERE TO REQUEST YOUR
DIGITAL EDITION PREVIEW EMAIL

liquid ephedrine steroids without side effects safe anabolic steroids testerone ethanate best prohormone stacks