Last updateTue, 22 Jan 2019 8pm


Manufacturing & The Economy

U.S. Productivity Rose 0.7% in First Quarter

Nonfarm business sector labor productivity increased 0.7% during the first quarter of 2018, the U.S. Department of Labor reported, as output increased 2.8% and hours worked increased 2.1%. From the first quarter of 2017 to the first quarter of 2018, productivity increased 1.3%, reflecting a 3.6% increase in output and a 2.2% increase in hours worked.

Manufacturing sector labor productivity rose 0.5% in the first quarter of 2018, as output increased 3.3% and hours worked increased 2.8%. Productivity increased 1.3% in the durable manufacturing sector, as output grew at a 5.5% rate and hours worked increased 4.2%. Over the last four quarters, total manufacturing sector productivity increased 0.8%, as output increased 2.5% and hours worked increased 1.6%. Unit labor costs in manufacturing increased 2.7% in the first quarter of 2018 and increased 1.3% from the same quarter a year ago. 

Subscribe Fall18


• Print magazine
Digital magazine
• VALVE eNews
Read the latest issue

*to qualified valve professionals in the U.S./Canada

KNOWLEDGE FORUM 2019 300x250

Looking for a career in the Valve Industry?

ValveCareers Horiz

To learn more, visit the Valve Careers YouTube channel to watch the videos below or visit ValveCareers.com a special initiative of the Valve Manufacturers Association

  • Latest Post

  • Popular

  • Links

  • Events

New Products