Factory productivity increases at 7.3-percent annual rate in first quarter
June 07, 2000
Productivity, as measured by output per hour, increased at a seasonally adjusted annual rate of 7.3 percent in manufacturing in the first quarter. Output increased 6.8 percent and hours of all persons fell 0.5 percent.
The first-quarter productivity increase was smaller than the 10.8-percent increase recorded in the fourth quarter of 1999. Output and hours in manufacturing, which includes about 17 percent of U.S. business-sector employment, tend to vary more from quarter to quarter than data for the more aggregate business and nonfarm business sectors.
Unit labor costs in manufacturing decreased 3.4 percent in the first quarter, after falling 5.9 percent in the fourth quarter of 1999. Unit labor costs—the cost of the labor input required to produce one unit of output—are computed by dividing labor costs in nominal terms by real output.
These data are a product of the BLS Quarterly Labor Productivityprogram. Data are subject to revision. Additional information is available in "Productivity and Costs, First Quarter 2000," news release USDL 00-164.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Factory productivity increases at 7.3-percent annual rate in first quarter on the Internet at http://www.bls.gov/opub/ted/2000/jun/wk1/art03.htm (visited September 02, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.