Labor Productivity Up 4.3% in 2006 in Wholesale Trade - Modern Distribution Management

Log In

Labor Productivity Up 4.3% in 2006 in Wholesale Trade

Labor productivity -defined as output per hour -increased 4.3% in wholesale trade in 2006, according to the U.S. Bureau of Labor Statistics.
&nbsp ;
From 1987 to 2006, labor productivity increased at the following average annual rate: 3.5% in wholesale trade.
&nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ;
2005-2006 Change in Wholesale Trade
Output per hour grew 4.3%, as output increased 6.6% and hours advanced 2.2%.&nbsp ; Labor productivity rose 5.1% in durable merchant wholesalers (NAICS 423) and increased 2.7% in nondurable merchant wholesalers (NAICS 424).
&nbsp ;
Labor productivity rose in 15 of the 19 detailed wholesale trade industries in 2006, as output ...
Author
Date

Labor productivity -defined as output per hour -increased 4.3% in wholesale trade in 2006, according to the U.S. Bureau of Labor Statistics.
&nbsp ;
From 1987 to 2006, labor productivity increased at the following average annual rate: 3.5% in wholesale trade.
&nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ;
2005-2006 Change in Wholesale Trade
Output per hour grew 4.3%, as output increased 6.6% and hours advanced 2.2%.&nbsp ; Labor productivity rose 5.1% in durable merchant wholesalers (NAICS 423) and increased 2.7% in nondurable merchant wholesalers (NAICS 424).
&nbsp ;
Labor productivity rose in 15 of the 19 detailed wholesale trade industries in 2006, as output grew in 17 industries while hours fell in four. The largest increases in productivity -13% and 11.8% – occurred in motor vehicles and parts wholesalers (NAICS 4231), and farm product raw materials wholesalers (NAICS 4245), respectively.
&nbsp ;
Unit labor costs declined in seven of the 19 detailed industries, but grew 0.5% in wholesale trade overall.
&nbsp ;
Long-Term Trends
Output per hour increased 3.5% per year, on average, between 1987 and 2006.&nbsp ; Output grew 4.2% per year and hours rose 0.7% per year.&nbsp ;
&nbsp ;
At the subsector level, productivity advanced 5.6% per year in durable merchant wholesale trade (NAICS 423), and increased 1.3% per year, on average, in nondurable merchant wholesale trade (NAICS 424).
&nbsp ;
Labor productivity increased in 17 of the 19 detailed industries.&nbsp ; Commercial equipment wholesalers (NAICS 4234) and electric goods wholesalers (NAICS 4236), had the largest average annual increases in labor productivity of 15.6% and 9.1% per year, respectively.&nbsp ; Output grew in all but one industry, while hours decreased in six industries.&nbsp ;
&nbsp ;
Unit labor costs increased in all but three of the wholesale trade industries over the period, and rose 0.7% per year overall in the wholesale trade sector.&nbsp ;

Measures for industries in other sectors have been published in separate releases and can be accessed online here

Share this article

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.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

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

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.