Manufacturing productivity, as measured by output per hour, fell at a seasonally adjusted annual rate of 0.2 percent in the second quarter of 2001, after falling 3.6 percent in the previous quarter. These were the first consecutive declines in manufacturing productivity since the second and third quarters of 1993.
The decline in productivity in the second quarter of 2001 reflected a 5.8-percent drop in output and a 5.6-percent drop in hours of all persons (seasonally adjusted annual rates). In the previous quarter, output fell 8.1 percent and hours dropped 4.7 percent.
These data are a product of the BLS Quarterly Labor Productivityprogram. Data are subject to revision. Additional information is available in Productivity and Costs, Second Quarter 2001 (preliminary)news release USDL 01-248.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Manufacturing productivity falls for second quarter in a row at https://www.bls.gov/opub/ted/2001/aug/wk1/art03.htm (visited December 05, 2022).