Thursday, June 10, 2010
[IWS] BLS: PRODUCTIVITY AND COSTS BY INDUSTRY: MANUFACTURING, MINING, AND SELECTED SERVICE-PROVIDING INDUSTRIES, 2008 [10 June 2010]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
PRODUCTIVITY AND COSTS BY INDUSTRY: MANUFACTURING, MINING, AND SELECTED SERVICE-PROVIDING INDUSTRIES, 2008 [10 June 2010]
[full-text, 11 pages]
Labor productivity -- defined as output per hour -- rose in 46 percent of the 138 detailed manufacturing,
mining, and service-providing industries studied in 2008, the U.S. Bureau of Labor Statistics reported
today. This was down from the 62 percent that recorded productivity increases the previous year. Unit
labor costs, which reflect the total labor costs required to produce a unit of output, declined in 30 percent
of the industries, compared to 20 percent in 2007.
Fewer industries recorded productivity increases in 2008 than in any other year since 1988. Output rose in
fewer industries and hours declined in more industries in 2008 compared to 2007. Output rose in 41 of the
138 industries examined, compared to 72 in 2007; hours declined in 101, compared to 79 industries in
2007. The percent of industries with output increases declined each year from 2005 to 2008, with the
largest drop occurring in 2008. The percent of industries with declining hours rose each year
from 2006 to 2008, with the largest increase occurring in 2008.
Over the 1987 to 2008 period, labor productivity increased in 92 percent of the industries. Unit labor costs
declined in 18 percent of the industries. (See table 2.) Productivity growth rates for the industries studied
show a more negative distribution in the most recent year compared to the longer-term period from 1987 to 2008.
With this release, productivity and cost measures are published for the first time for general freight
trucking, local (NAICS 48411) and for general freight trucking (NAICS 4841). The latter combines the
previously published measures for long-distance general freight trucking with the new measures for local
freight trucking. Trends in the local freight trucking industry are strongly affected by business cycles and
the overall economic environment. While productivity in this industry declined slightly in 2008, between
1994 and 2008 productivity increased at an average rate of 3.1 percent per year. The widespread adoption
of onboard computer systems, satellite-based tracking, and wireless internet have contributed to substantial
increases in efficiency in this industry.
Industry labor productivity measures are updated as data become available. Productivity data through 2008
for industries in wholesale and retail trade were published on August 28, 2009 and can be found on the
BLS Labor Productivity and Costs web site at www.bls.gov/lpc.
AND MORE...including TABLES & CHARTS....
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