Manufacturing productivity gained in Q2
The U.S. Bureau of Labor Statistics reported that manufacturing sector productivity rose 0.2 percent in the second quarter of 2012.
Output grew 1.7 percent and hours worked increased 1.4 percent.
Over the last four quarters, manufacturing productivity increased 2.9 percent, as output increased 5.6 percent and hours rose 2.6 percent. Unit labor costs in manufacturing rose 0.3 percent in the second quarter of 2012 and decreased 2.9 percent from the same quarter a year ago.
Total nonfarm business sector labor productivity increased at a 1.6 percent annual rate during the second 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.
