09152019Sun
Last updateThu, 12 Sep 2019 5pm

Manufacturing & The Economy

Manufacturing Productivity Down 1.6% in Second Quarter

Manufacturing sector labor productivity decreased 1.6% in the second quarter of 2019, the U.S. Department of Labor reports, as output decreased 2.1% and hours worked declined 0.5%. Productivity declined 0.9% in the durable manufacturing sector, reflecting a 1.8% decrease in output and a 0.9% decrease in hours worked. Productivity decreased 2.6% in the nondurable manufacturing sector as output fell 2.4% and hours worked rose 0.3%. Over the last four quarters, total manufacturing sector productivity increased 0.2%, as output increased 0.4% and hours worked increased 0.2%. Unit labor costs in the manufacturing sector increased 5.8% in the second quarter of 2019 and increased 4.3% from the same quarter a year ago.

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