Posted March 7, 2019

Manufacturing productivity increased in 4Q

Manufacturing sector labor productivity increased 2.0 percent in the fourth quarter of 2018, as output increased 2.7 percent and hours worked rose 0.8 percent.

The U.S. Bureau of Labor Statistics reported today that productivity increased 3.3 percent in the durable manufacturing sector and 1.9 percent in the nondurable manufacturing sector in the fourth quarter of 2018. Over the last four quarters, total manufacturing sector productivity increased 1.0 percent, as output increased 2.9 percent and hours worked increased 1.9 percent. Unit labor costs in manufacturing increased 2.2 percent in the fourth quarter of 2018 and rose 0.8 percent from the same quarter a year ago.

Total nonfarm business sector labor productivity increased 1.9 percent in the fourth quarter, as output increased 3.1 percent and hours worked increased 1.2 percent.