Productivity and Costs: Selected Service-Providing and Mining Industries News Release — 2013-05-29
Labor productivity � defined as output per hour � rose in 63 percent of the 52 service-providing and mining industries studied in…
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Labor productivity � defined as output per hour � rose in 63 percent of the 52 service-providing and mining industries studied in 2011, the U.S. Bureau of Labor Statistics reported today. This was down from 67 percent in 2010. Unit labor costs, which reflect the total labor costs required to produce a unit of output, declined in 35 percent of the industries in 2011, compared to 44 percent in 2010. More industries recorded gains in output and in hours in 2011 than in the previous year. Output rose in 37 of the 52 service-providing and mining industries studied in 2011, an increase from 32 industries in 2010. Hours rose in 29 of the industries in 2011 compared to 14 in 2010. Both output and hours rose in more industries in 2011 than in any year since 2006.
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