Posted November 1, 2018

Third-quarter productivity up 2.2 percent

Productivity increased 2.2 percent during the third quarter of 2018, the U.S. Bureau of Labor Statistics reported today.

Output increased 4.1 percent and hours worked increased 1.8 percent.

From the third quarter of 2017 to the third quarter of 2018, productivity increased 1.3 percent, reflecting a 3.7-percent increase in output and a 2.4-percent increase in hours worked.

Manufacturing sector labor productivity increased 0.5 percent in the third quarter of 2018, as output increased 3.4 percent and hours worked increased 2.9 percent. Productivity increased 1.5 percent in the durable manufacturing sector, as output rose 4.9 percent and hours worked increased 3.4 percent. In the non-durable goods manufacturing sector, a 0.1-percent decline in productivity reflected a 1.9-percent increase in output and a 2.0-percent increase in hours worked.

Over the last four quarters, total manufacturing sector productivity increased 1.3 percent, as output increased 3.4 percent and hours worked increased 2.1 percent. Unit labor costs in manufacturing increased 0.9 percent in the third quarter of 2018 and increased 0.9 percent from the same quarter a year ago.