2Q productivity increased by 2.9 percent
Nonfarm business sector labor productivity increased 2.9 percent during the second quarter of 2018, the U.S. Bureau of Labor Statistics reported, as output increased 5.0 percent and hours worked increased 2.0 percent.
From the second quarter of 2017 to the second quarter of 2018, productivity increased 1.3 percent, reflecting a 3.5-percent increase in output and a 2.2-percent increase in hours worked.
Manufacturing sector labor productivity increased 1.5 percent in the second quarter of 2018, as output increased 3.0 percent and hours worked increased 1.5 percent. Productivity increased 1.1 percent in the durable manufacturing sector, as output rose 2.9 percent and hours worked increased 1.8 percent.
In the non-durable goods manufacturing sector, a 2.2-percent increase in productivity reflected a 3.1-percent increase in output and a 0.9-percent increase in hours worked.
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.
