Posted August 9, 2017

Productivity up 0.9 percent in 2Q

Productivity increased 0.9 percent during the second quarter of 2017, the U.S. Bureau of Labor Statistics reported, as output increased 3.4 percent and hours worked increased 2.5 percent.

Manufacturing sector labor productivity increased 2.5 percent in the second quarter of 2017, as output increased 1.6 percent and hours worked decreased 0.9 percent. Output per hour increased 3.8 percent in the durable goods manufacturing sector and edged down 0.1 percent in the nondurable goods sector. Over the last four quarters, manufacturing sector productivity increased 1.0 percent, as output increased 1.5 percent and hours worked increased 0.4 percent. (See tables A1, 3, 4 and 5.) Unit labor costs in manufacturing decreased 0.3 percent in the second quarter of 2017 and rose 0.1 percent from the same quarter a year ago.