Productivity gains in the third quarter of 2010
November 08, 2010
During the third quarter of 2010, nonfarm business sector labor productivity—as measured by output per hour—increased at a 1.9-percent annual rate, as output increased 3.0 percent and hours worked increased 1.1 percent. Manufacturing sector productivity rose 0.4 percent in the third quarter of 2010, as output grew 4.0 percent and hours worked increased 3.6 percent.
Over the last four quarters, nonfarm business sector productivity increased 2.5 percent, as output rose 4.1 percent and hours worked rose 1.6 percent.
Manufacturing productivity increased 3.9 percent over the last four quarters, as output rose 7.0 percent and hours worked increased 3.0 percent.
In the third quarter of 2010, productivity declined 0.8 percent in the durable goods manufacturing sector, as output grew more slowly than hours worked; productivity in nondurable goods industries increased 2.9 percent, as output rose 2.2 percent while hours worked fell 0.7 percent.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity gains in the third quarter of 2010 on the Internet at https://www.bls.gov/opub/ted/2010/ted_20101108.htm (visited June 01, 2020).
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