Manufacturing productivity improves
Manufacturing sector productivity increased 3.8 percent in the first quarter of 2013, the U.S. Bureau of Labor Statistics reported today.
Output grew 5.6 percent and hours rose 1.7 percent.
Output growth was robust in both manufacturing subsectors, while virtually all hours growth occurred in durable manufacturing. Over the last four quarters, manufacturing
sector productivity increased 1.7 percent as output and hours worked rose 2.6 percent and 0.9 percent, respectively. Unit labor costs in manufacturing decreased 0.5 percent in the first quarter of 2013 and increased 1.6 percent from the same quarter a year ago.
Nonfarm business sector labor productivity increased at a 0.7 percent annual rate during the first quarter of 2013.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
