Posted June 5, 2017

Manufacturing productivity up 0.5 percent

Manufacturing sector labor productivity increased 0.5 percent in the first quarter of 2017, as output increased 2.6 percent and hours worked increased 2.1 percent.

Output per hour decreased 0.7 percent in the durable goods manufacturing sector and increased 2.7 percent in the nondurable goods sector. Over the last four quarters, manufacturing sector productivity increased 0.3 percent, as output increased 0.9 percent and hours worked increased 0.6 percent. Unit labor costs in manufacturing increased 2.4 percent in the first quarter of 2017 and rose 2.9 percent from the same quarter a year ago.

Nonfarm business sector labor productivity was unchanged during the first quarter of 2017, the U.S. Bureau of Labor Statistics reported as both output and hours worked increased 1.7 percent.

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