Productivity and Costs by Industry: Manufacturing Industries News Release — 2012-03-29
NOTE: With the update of multifactor productivity measures for detailed industries on Sept. 26, 2012, measures of output, output per hour, output…
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NOTE: With the update of multifactor productivity measures for detailed industries on Sept. 26, 2012, measures of output, output per hour, output per worker, value of production, implicit price deflator, and unit labor costs for 2008-2010 were revised for NAICS 3346 and NAICS 334. The revisions supersede the data for these industries published in this news release.�The revised measures are available from the online data query tool and in the industry labor productivity tables on this website. Labor productivity - defined as output per hour - rose in 83 percent of the 86 detailed manufacturing industries studied in 2010, the U.S. Bureau of Labor Statistics reported today. This was up from 30 percent in 2009. Unit labor costs, which reflect the total labor costs required to produce a unit of output, declined in 73 percent of the industries in 2010 compared to only 21 percent in 2009, as productivity increased more rapidly than hourly compensation.
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