Last updateTue, 02 Jun 2020 7pm

Manufacturing & The Economy

Manufacturing Productivity Down in First Quarter

The U.S. Department of Labor reports that manufacturing sector labor productivity decreased 1.2% in the first quarter of 2018, as output increased 1.7% and hours worked increased 2.9%. Productivity declined 0.8% in the durable manufacturing sector, as output rose 3.3% and hours worked increased 4.2%. Over the last four quarters, total manufacturing sector productivity increased 0.3%, as output increased 2.0% and hours worked increased 1.7%. Unit labor costs in manufacturing increased 5.2% in the first quarter of 2018 and rose 2.5% from the same quarter a year ago. 

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