Manufacturing productivity declines
Manufacturing sector productivity decreased 1.1 percent in the first quarter of 2015, as output decreased 1.2 percent and hours worked edged down 0.1 percent.
Productivity decreased 2.3 percent in the durable manufacturing sector and was unchanged in the nondurable manufacturing sector. Over the last four quarters, manufacturing productivity increased 1.4 percent, as output increased 3.8 percent and hours increased 2.3 percent. Unit labor costs in manufacturing increased 2.7 percent in the first quarter of 2015 and decreased 0.7 percent from the same quarter a year ago.
Total Nonfarm business sector labor productivity decreased at a 1.9 percent annual rate during the first quarter of 2015, as output declined 0.2 percent and hours worked increased
1.7 percent.
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.
