09152019Sun
Last updateThu, 12 Sep 2019 5pm

Manufacturing & The Economy

Manufacturing Productivity Declines in Consecutive Quarters

According to the newest estimates from the U.S. Department of Labor, manufacturing sector labor productivity decreased 2.2% in the second quarter of 2019 as output decreased 3.0% and hours worked declined 0. 8%. This is the second consecutive quarter with declines in both output and hours in the manufacturing sector; in the first quarter of 2019 output declined 1.8% and hours declined 2.9%. This is the first occurrence of two consecutive quarters of declines in both output and hours in manufacturing since the second quarter of 2009.

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