Productivity and Costs by Industry: Selected Service-Providing Industries News Release - 2022 A01 Results — 2023-06-29
Labor productivity rose in 15 of 30 selected service-providing industries in 2022, the U.S. Bureau of Labor Statistics reported today. This was…
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Labor productivity rose in 15 of 30 selected service-providing industries in 2022, the U.S. Bureau of Labor Statistics reported today. This was fewer industries compared to 2021, when labor productivity increased in 23 out of 30 industries. Output rose in 18 industries in 2022 while hours worked increased in 22 industries. Four of the six industries with the largest gains in productivity achieved output growth at a faster rate than growth in hours worked. This was the case in amusement parks and arcades which had the highest productivity growth (+16.3 percent). Four out of the six industries with the greatest declines in productivity had growth in hours worked while at the same time output declined. This was the case in drycleaning and laundry services which had the largest drop in productivity (-13.6 percent). � Labor productivity rose in half of the 30 selected service-providing industries in 2022.
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