Productivity and Costs by Industry: Manufacturing and Mining Industries News Release — 2017-05-09
Labor productivity rose in 31 of the 90 NAICS 4-digit manufacturing and mining industries in 2016, the U.S. Bureau of Labor Statistics…
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Labor productivity rose in 31 of the 90 NAICS 4-digit manufacturing and mining industries in 2016, the U.S. Bureau of Labor Statistics reported today. This was fewer than in 2015 when labor productivity rose in 41 industries. Output and hours worked also increased in fewer industries in 2016 than in the previous year. Unit labor costs, which reflect the total labor costs required to produce a unit of output, rose in 64 of the 86 NAICS 4-digit manufacturing industries and in 1 of the 4 mining industries. Eighteen industries with productivity increases recorded declines in unit labor costs. Manufacturing * Labor productivity increased in 5 of the 21 NAICS 3-digit manufacturing industries in 2016, as output increased in only 2 industries, and hours worked rose in 11 industries.
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