Productivity increased in 2Q
Manufacturing sector labor productivity increased 2.3 percent in the second quarter of 2015, as output increased 1.3 percent, and hours worked decreased 0.9 percent.
The U.S. Bureau of Labor Statistics reported that productivity increased 2.8 percent in the durable manufacturing sector and 1.2 percent in the nondurable goods sector. Over the last four quarters, manufacturing productivity increased 1.0 percent, as output increased 2.3 percent, and hours increased 1.2 percent. Unit labor costs in manufacturing decreased 2.2 percent in the second quarter of 2015 and increased 0.2 percent from the same quarter a year ago.
Nonfarm business sector labor productivity increased at a 3.3 percent annual rate during the second
quarter of 2015, as output increased 4.7 percent and hours worked increased 1.4 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the second quarter of 2014 to the second quarter of 2015, productivity increased 0.7 percent, reflecting increases in output and hours worked of 3.3 percent and 2.6 percent, respectively.
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.
