Showing posts with label Productivity. Show all posts
Showing posts with label Productivity. Show all posts

03 April 2014

• U.S Multifactor Productivity Trends - 2012


Private nonfarm business sector multifactor productivity increased at a 1.5 percent annual rate in 2012. This gain in 2012 reflected a 3.8-percent increase in output and 2.2-percent increase in the combined inputs of capital and labor.

Capital services grew by 1.4 percent, and labor input – which is the combined effect of hours worked and labor composition – grew 2.7 percent, the largest gain since 1997.

Capital services per hour of all persons decreased at a rate of 0.8 percent in 2012 after falling 1.1 percent in 2011. The decreases in 2011 and 2012 are the only two years of decline in the measure which began in 1987.

See the complete report at this link: USDOL-BLS


27 March 2014

• U.S. Productivity and Costs By Industry: Manufacturing Industries - 2012


Labor productivity -- defined as output per hour -- rose in 54 percent of the detailed manufacturing industries covered in 2012. This was down from 68 percent in 2011.

Unit labor costs, which reflect the total labor costs required to produce a unit of output, declined in 39 percent of the industries in 2012 compared to 49 percent in 2011.

More than half of industries with productivity increases posted declines in unit labor costs.

See the complete report at this link: USDOL-BLS


06 March 2014

• U.S. Labor Productivity & Unit Labor Costs – Q4 2013


Nonfarm business sector labor productivity increased at a 1.8 percent annual rate during the fourth quarter of 2013.

The increase in productivity reflects increases of 3.4 percent in output and 1.6 percent in hours worked. (All quarterly percent changes in this release are seasonally adjusted annual rates.)

From the fourth quarter of 2012 to the fourth quarter of 2013, productivity increased 1.3 percent as output and hours worked rose 2.9 percent and 1.7 percent, respectively. Annual average productivity increased 0.5 percent from 2012 to 2013.

Unit labor costs in nonfarm businesses decreased 0.1 percent in the fourth quarter of 2013, while hourly compensation increased 1.7 percent. Unit labor costs fell 0.9 percent over the last four quarters.

See the complete report at this link: USDOL-BLS


06 February 2014

• U.S. Productivity and Labor Costs – Q4 2013


Productivity increased 3.2 percent in the nonfarm business sector in the fourth quarter of 2013; unit labor costs decreased 1.6 percent (seasonally adjusted annual rates).

In manufacturing, productivity increased 2.0 percent and unit labor costs decreased 1.0 percent.

See the complete report at this link: USDOL-BLS


16 December 2013

• U.S. Labor Productivity and Unit Labor Costs – Q3 2013 [Revised]


The measures released today are based on more recent source data than were available for the preliminary report.

Nonfarm business sector labor productivity increased at a 3.0 percent annual rate during the third quarter of 2013. The increase in productivity reflects increases of 4.7 percent in output and 1.7 percent in hours worked. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the third quarter of 2012 to the third quarter of 2013, productivity increased 0.3 percent as output and hours worked rose 2.1 percent and 1.8 percent, respectively.

Unit labor costs in nonfarm businesses decreased 1.4 percent in the third quarter of 2013, while hourly compensation increased 1.6 percent. Unit labor costs rose 2.1 percent over the last four quarters.

Click on charts to enlarge

Manufacturing sector productivity declined 0.1 percent in the third quarter of 2013, as output and hours worked increased 1.1 percent and 1.2 percent, respectively.

See the complete report at this link: USDOL-BLS


14 November 2013

• U.S. Productivity & Labor Costs – Q3 2013


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

Unit labor costs in nonfarm businesses decreased 0.6 percent in the third quarter of 2013, while hourly compensation increased 1.3 percent. Unit labor costs rose 1.9 percent over the last four quarters.

See the complete report at this link: USDOL-BLS


05 September 2013

• U.S. Productivity – Q2 2013


Productivity increased 2.3 percent in the nonfarm business sector in the second quarter of 2013; unit labor costs were unchanged (revised seasonally adjusted annual rates).

In manufacturing, productivity increased 1.9 percent and unit labor costs increased 2.3 percent.

See the complete report at this link: USDOL-BLS


16 August 2013

• U.S. Productivity & Labor Costs – 2Q 2013


Productivity increased 0.9 percent in the nonfarm business sector in the second quarter of 2013; unit labor costs increased 1.4 percent (seasonally adjusted annual rates). In manufacturing, productivity increased 2.7 percent and unit labor costs increased 1.4 percent.

See the complete report at this link: USDOL-BLS