High-tech productivity gains in 1990s
May 14, 2002
The high-tech manufacturing sector experienced rapid growth in output per hour throughout the 1990s. The rate of growth accelerated sharply in the second half of the decade.
From 1990 to 1995, labor productivity growth averaged 9.6 percent per year. This strong growth reflected a decline in hours worked combined with output growth averaging 5.5 percent per year.
The decline in hours reversed after 1995. Even after the reversal in hours, productivity growth accelerated to 13.1 percent per year from 1995 through 1999 as output growth raced ahead.
These productivity data are products of the Industry Productivity program. The 10 industries identified as "high-tech intensive" for the purposes of this study were Standard Industrial Classifications 281, 283, 286, 357, 366, 367, 372, 376, 381, and 382. The selection was based on ratios of research and development workers and technology-oriented workers that are at least 5 times the average for all industries. For more information, see Christopher Kask and Edward Sieber, "Productivity in "high-tech" manufacturing industries," Monthly Labor Review, March 2002.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, High-tech productivity gains in 1990s on the Internet at http://www.bls.gov/opub/ted/2002/may/wk2/art02.htm (visited September 25, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.