Fourth-quarter productivity increased
Manufacturing sector productivity increased 1.3 percent in the fourth quarter of 2013, the U.S. Bureau of Labor Statistics reported today.
Output increased 5.0 percent and hours worked increased 3.6 percent.
Productivity increased 3.0 percent in the durable goods sector and decreased 0.1 percent in the nondurable goods sector. Over the last four quarters, manufacturing productivity increased 1.9 percent, as output increased 3.0 percent and hours increased 1.1 percent.
Unit labor costs in manufacturing decreased 0.1 percent in the fourth quarter of 2013 and declined 1.0 percent from the same quarter a year ago.
Nonfarm business sector labor productivity increased at a 1.8 percent annual rate during the fourth quarter of 2013.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
