3Q manufacturing productivity declined
Manufacturing sector labor productivity declined 0.1 percent in the third quarter of 2019, as output increased 1.1 percent and hours worked increased 1.3 percent.
Total manufacturing sector productivity also declined 0.1 percent over the last four quarters, as output decreased 0.5 percent and hours worked decreased 0.4 percent.
Productivity increased 1.2 percent in the durable manufacturing sector in the third quarter of 2019, reflecting a 2.4-percent increase in output and a 1.2-percent increase in hours worked. Productivity decreased 1.5 percent in the nondurable manufacturing sector as output declined 0.2 percent and hours worked increased 1.3 percent.
The U.S. Bureau of Labor Statistics reported that nonfarm business sector labor productivity decreased 0.3 percent in the third quarter of 2019, as output increased 2.1 percent and hours worked increased 2.4 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.
