U.S. Productivity Dips for First Time Since 2008

Aug. 10, 2010
However manufacturing sector productivity grew 4.5%.

Productivity of U.S. companies fell 0.9% in the second quarter, the Labor Department said on August 10.

Manufacturing sector productivity grew 4.5% in the second quarter of 2010, as output rose 8.3% and hours worked increased 3.6%.

Durable manufacturing sector productivity increased 11.2% as the increase in output outpaced the increase in hours. The reverse was true for nondurable manufacturing industries, where
productivity decreased 2.8%, given that the increase in hours was larger than the increase in output.

Unit labor costs in manufacturing declined 6.1% in the second quarter of 2010 and fell 6.9% over the last four quarters

From the second quarter of 2009 to the second quarter of 2010, both productivity and
output increased 3.9%; hours were unchanged.

Popular Sponsored Recommendations

Modern Edge Computing Accelerates Smart Manufacturing Initiatives for Discrete Manufacturers

Oct. 22, 2023
Discover how Edge Computing platforms are a requisite for discrete manufacturers to solve production challenges, accelerate digitalization, and establish a reliable infrastructure...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Discrete and Process Manufacturing 2024 Trends and Outlook for North America

Oct. 29, 2023
Manufacturers are reaping the benefits of automation and cloud-based solutions. Discover what is driving today's industry trends and how they can shape your growth priorities ...

The Benefits of Continuous Thermal Monitoring

Oct. 17, 2023
Read this eBook to learn more about collecting and using data intelligently to improve performance.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!