MDM-Podcasts-launch
Need Help? (888) 742-5060

In The News:

Bureau of Labor Statistics Releases Q4, Full-Year Productivity Figures

Nonfarm business sector labor productivity increased at a 3.2 percent annual rate during the fourth quarter of 2013, according to the U.S. Bureau of Labor Statistics. The increase in productivity reflects increases of 4.9 percent in output and 1.7 percent in hours worked.

From the fourth quarter of 2012 to the fourth quarter of 2013, productivity increased 1.7 percent as output rose 3.3 percent and hours worked rose 1.6 percent. Annual average productivity increased 0.6 percent from 2012 to 2013.

Unit labor costs in nonfarm businesses decreased 1.6 percent in the fourth quarter of 2013, with the 3.2 percent increase in productivity offset by a 1.5 percent increase in hourly compensation. Unit labor costs fell 1.3 percent over the last four quarters.

Manufacturing sector productivity increased 2 percent in the fourth quarter of 2013, as output increased 6.6 percent and hours worked increased 4.4 percent. Productivity increased 3.4 percent in the durable goods sector and increased 1.0 percent in the nondurable goods sector.

Over the last four quarters, manufacturing productivity increased 2.1 percent, as output increased 3.3 percent and hours increased 1.2 percent. Unit labor costs in manufacturing fell 1 percent in the fourth quarter of 2013 and declined 0.9 percent from the same quarter a year ago. Nonfinancial corporate sector productivity decreased 0.5 percent in the third quarter of 2013.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>


MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center