Productivity

[dmschanoes <dmschanoes@xxxxxxxxxxxxx>]

From:http://www.bls.gov/news.release/pdf/prod2.pdf

 

 

 

Manufacturing

Manufacturing productivity grew 5.1 percent in 2003, reflecting a 0.1-percent rise in

output and a 4.8-percent decline in hours. In 2002, output per hour had increased 7.2 percent, as

output fell 0.6 percent but hours fell faster, 7.3 percent. Labor productivity increased 7.7 percent

in durable goods manufacturing during 2003, as output grew 2.0 percent and hours dropped 5.3

percent. In nondurable goods manufacturing, productivity rose 1.9 percent in 2003, as output and

hours fell 2.2 percent and 4.0 percent, respectively (tables B, 3, 4, and 5).

Hourly compensation of manufacturing workers increased 5.5 percent in 2003, compared

to a 4.0-percent increase one year earlier. Real hourly compensation rose 3.2 percent in 2003,

after gaining 2.4 percent in 2002. Hourly compensation increased 5.4 percent in durable goods

industries and 5.9 percent in nondurable goods industries in 2003.

Unit labor costs rose 0.4 percent in manufacturing from 2002 to 2003. In durable

manufacturing, unit labor costs fell 2.1 percent in 2003.