Manufacturing productivity in second quarter of 2008
September 05, 2008
Productivity decreased 2.2 percent in manufacturing in the second quarter of 2008, as output fell 3.7 percent and hours of all persons fell 1.5 percent (seasonally adjusted annual rates).
This was the largest quarterly decline in manufacturing productivity since a 2.5-percent decrease in the second quarter of 1989; it was concentrated in the durable goods sector, where productivity declined 4.5 percent.
In nondurable goods, productivity edged up 0.2 percent as output and hours fell 1.3 percent and 1.6 percent, respectively.
These data are from the BLS Productivity and Costs program. Data are subject to revision. For more information, see "Productivity and Costs, Second Quarter 2008, Revised," (PDF) (HTML) news release USDL 08-1251.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Manufacturing productivity in second quarter of 2008 on the Internet at http://www.bls.gov/opub/ted/2008/sept/wk1/art04.htm (visited April 27, 2015).