Manufacturing productivity rises
Manufacturing sector productivity increased 2.1 percent in the fourth quarter of 2012, as output increased 2.5 percent and hours increased 0.4 percent.
The U.S. Bureau of Labor Statistics said productivity increased 2.7 percent in the durable goods sector and 1.7 percent in the nondurable goods sector. Over the last four quarters, manufacturing productivity increased 1.8 percent, as output increased 3.3 percent and hours worked rose 1.4 percent. Unit labor costs in manufacturing decreased 1.9 percent in the fourth quarter of 2012 and increased 2.3 percent from the same quarter a year ago.
Total nonfarm business sector labor productivity decreased at a 1.9 percent annual rate during the fourth quarter of 2012.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
