February 10, 1999 (The Editor’s Desk is updated each business day.)
Productivity gains led by durables
manufacturing
During 1998, increases in productivity, or output per hour
worked, were higher than in 1997 in both the business and nonfarm business sectors.
Manufacturing productivity increased 4.3 percent [revised to 4.2 percent on 3/10/99]—the third consecutive
annual increase of more than four percent.
[Chart data—TXT]
Business sector productivity increased 2.3 percent [revised to
2.4 percent on 3/10/99] in 1998. The output of the business sector rose 4.6
percent and hours of all workers in the sector grew 2.2 percent in 1998. Similarly,
productivity increased 2.2 percent in the nonfarm business sector during 1998, as output
rose 4.6 percent and hours increased 2.4 percent.
Manufacturing productivity grew 4.3 percent in 1998 [revised to
4.2 percent on 3/10/99]; output rose 4.2 percent [revised to
4.1 percent on 3/10/99] and hours of all persons fell 0.1 percent. In durable
goods manufacturing, productivity increased 6.8 percent in 1998, the largest such increase
since 1971. That rise reflected an output increase of 7.0 percent and an increase in
hours of 0.2 percent.
These data are a product of the BLS Quarterly Labor
Productivity program. Additional information is available from news release USDL
99-32, "Productivity
and Costs: Preliminary Fourth-Quarter Measures and Annual Averages, 1998."Â
Yearly comparisons in this story are based on annual average productivity data.
Of interest
Spotlight on Statistics: National Hispanic Heritage Month
In this Spotlight, we take a look at the Hispanic labor force—including labor force participation, employment and unemployment, educational attainment, geographic location, country of birth, earnings, consumer expenditures, time use, workplace injuries, and employment projections.
.
Read more »
