Revised Report: Manufacturing Productivity Up 1.4% in 2015

Productivity decreased 0.7 percent in the fourth quarter.

Over the last four quarters, manufacturing productivity increased 1.4 percent, as output increased 1 percent and hours declined 0.4 percent, according to the U.S. Bureau of Labor Statistics.

Manufacturing sector productivity decreased 0.7 percent in the fourth quarter of 2015, as output increased 0.1 percent and hours worked rose 0.8 percent. Manufacturing sector productivity declined 1.8 percent in the durable goods manufacturing sector and increased 0.3 percent in the nondurable goods sector.

Unit labor costs in manufacturing increased 3.2 percent in the fourth quarter of 2015 and rose 1 percent from the same quarter a year ago.

Nonfarm business sector labor productivity decreased at a 2.2-percent annual rate during the fourth quarter of 2015, as output increased 1 percent and hours worked increased 3.2 percent. From the fourth quarter of 2014 to the fourth quarter of 2015, productivity increased 0.5 percent. Annual average productivity increased 0.7 percent from 2014 to 2015.

Unit labor costs in the nonfarm business sector increased 3.3 percent in the fourth quarter of 2015, reflecting a 1.1-percent increase in hourly compensation and a 2.2-percent decrease in productivity. Unit labor costs increased 2.1 percent over the last four quarters.

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access