Manufacturing and Mining Industries, 2024 — 2025-04-24
Labor productivity decreased in 52 of the 86 four-digit NAICS manufacturing industries in 2024, the U.S. Bureau of Labor Statistics reported today.…
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Labor productivity decreased in 52 of the 86 four-digit NAICS manufacturing industries in 2024, the U.S. Bureau of Labor Statistics reported today. Among durable manufacturing industries, 22 of 51 had productivity increases in 2024, led by a gain of 17.2 percent in the household appliances industry. Productivity rose in 11 of 35 nondurable goods manufacturing industries, led by a 12.5-percent gain in fiber, yarn, and thread mills. Productivity fell in 4 of the 5 mining industries in 2024 with the greatest decrease occurring in the metal ore mining industry (-10.6 percent). (See table 1.) Among industries with more than 350,000 workers, aerospace products and parts had the largest productivity decline in 2024 (-7.0 percent) while electronic instruments recorded the highest productivity gain (2.8 percent). Hours worked decreased in 50 of the 86 four-digit manufacturing industries in 2024. Electric lighting equipment recorded the greatest decline in hours worked (-21.2 percent). Hours worked decreased in three of five mining industries.
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