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Tuesday, August 20, 2019
HomeNewsManufacturing Sector Labor Productivity Rose 1.3% for Q4 2018

Manufacturing Sector Labor Productivity Rose 1.3% for Q4 2018

A collage graphic concept for industry and labor. (Photo: AdobeStock)
A collage graphic concept for industry and labor. (Photo: AdobeStock)
A collage graphic concept for industry and labor. (Photo: AdobeStock)

The Bureau of Labor Statistics (BLS) reported manufacturing sector labor productivity rose 1.3% during the fourth quarter (Q4) 2018. Output rose 2.3% and hours worked by 1.0%.

From Q4 2017 to Q4 2018, manufacturing productivity rose 0.7%, driven by a 2.8% gain in output and a 2.1% gain in hours worked. Annual average productivity rose 0.6% from 2017 to 2018.

The BLS data for Productivity and Costs in Q4 was only available for the manufacturing sector given the partial government shutdown.

Durable manufacturing labor productivity gained 2.6%, with output increasing 5.7% and hours by 3.0%. Labor productivity in the nondurable manufacturing sector increased 1.2% and hours fell 2.4%.

About Labor Productivity and Costs Report

Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours worked by all persons, including employees, proprietors, and unpaid family workers.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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