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Prosperity in the Age of Decline

Prosperity in the Age of Decline

In his address to VMA’s Annual Meeting in Septembe...

Understanding and Choosing Waterworks Valve Flanges

Understanding and Choosing Waterworks Valve Flanges

PART TWO: Construction and Installation

(Ed. Note: ...

Market Outlook 2015: Oil Joins Gas in the Spotlight

Market Outlook 2015: Oil Joins Gas in the Spotlight

Natural gas returned as star of the show at the 20...

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U.S. Worker Productivity Up 1.6% in 2nd Quarter

Nonfarm business sector labor productivity increased at a 1.6% annual rate during the second quarter of 2012, the U.S. Bureau of Labor Statistics reported. The increase in productivity reflects increases of 2.0% in output and 0.4% in hours worked.

From the second quarter of 2011 to the second quarter of 2012, productivity increased 1.1% as output and hours worked rose 2.9% and 1.8%, respectively. Unit labor costs in nonfarm businesses increased 1.7% in the second quarter of 2012, while hourly compensation increased 3.3%.

Unit labor costs rose 0.8% over the last four quarters.

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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

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