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Mining for Value

Mining for Value

At VMA’s annual Market Outlook Workshop held in Bost...

Valve World Expo Opens Third Exhibit Hall

Valve World Expo Opens Third Exhibit Hall

Valve World Expo, the 9th Biennial Valve World Con...

Evaluating and Proving SIS Safety Levels

Evaluating and Proving SIS Safety Levels

Because the equipment used in a safety instrumente...

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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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