Productivity gains led by durables manufacturing
February 10, 1999
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.
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." Yearly comparisons in this story are based on annual average productivity data.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity gains led by durables manufacturing on the Internet at http://www.bls.gov/opub/ted/1999/feb/wk2/art03.htm (visited December 05, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.