Productivity decreased 7.3 percent in Q1
Nonfarm business sector labor productivity decreased 7.3 percent in the first quarter of 2022, the U.S. Bureau of Labor Statistics reported today, as output decreased 2.3 percent and hours worked increased 5.4 percent.
Manufacturing sector labor productivity increased 0.2 percent in the first quarter of 2022, as output increased 5.1 percent and hours worked increased 4.9 percent. In the durable manufacturing sector, productivity increased 0.9 percent, with a 6.9-percent increase in output and a 6.0-percent increase in hours worked. Nondurable manufacturing sector productivity saw no change, as both output and hours worked increased 3.2 percent. Total manufacturing sector productivity increased 1.5 percent from the same quarter a year ago.
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.
