Factory productivity in the third quarter of 2005
December 07, 2005
Productivity—as measured by output per hour of all persons—increased 3.4 percent in manufacturing in the third quarter of 2005. Output increased 2.4 percent and hours of all persons decreased 1.0 percent (seasonally adjusted annual rates).
Productivity in manufacturing grew more slowly than in the second quarter of the year, when it rose 4.0 percent (as revised). In the second quarter of 2005, output rose 1.2 percent and hours of all persons dropped 2.6 percent.
In durable goods industries, productivity increased 6.5 percent in the third quarter, reflecting increases of 6.9 percent in output and 0.3 percent in hours. Productivity grew more slowly in the nondurable goods industries, 0.2 percent, as output declined 3.1 percent and hours fell 3.3 percent. Hours in nondurable goods manufacturing have fallen in every quarter beginning with the third quarter of 1999.
These data are from the BLS Productivity and Costs program. Data are subject to revision. For more information, see the "Productivity and Costs, Third Quarter 2005, revised" (PDF) (TXT), news release USDL 05-2275.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Factory productivity in the third quarter of 2005 on the Internet at http://www.bls.gov/opub/ted/2005/dec/wk1/art03.htm (visited September 27, 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.