The 2020 Mid-Year Economic Update_long

Wholesale Trade: Productivity Rises 2.1% 2006-2007

Labor productivity -defined as output per hour -increased in wholesale in 2007 by 2.1% from 2006 to 2007, according to a new report from the Bureau of Labor Statistics. Output per hour and unit labor costs increased as well.
 
Between 1987 and 2007, labor productivity in wholesale trade increased at a 3.3% average annual rate.
 
Output per hour grew in 12 of 19 detailed wholesale trade industries in 2007. Commercial equipment wholesalers experienced the largest productivity gain, 13.7 percent. Unit labor costs fell in seven of the 19 detailed industries, but rose 1.9 percent in wholesale trade overall.
 
From 1987 to 2007, labor productivity rose 3.3% per year in wholesale trade, on average. Output increased 4.1% per year and hours grew 0.7% per year. ...

Labor productivity -defined as output per hour -increased in wholesale in 2007 by 2.1% from 2006 to 2007, according to a new report from the Bureau of Labor Statistics. Output per hour and unit labor costs increased as well.
 
Between 1987 and 2007, labor productivity in wholesale trade increased at a 3.3% average annual rate.
 
Output per hour grew in 12 of 19 detailed wholesale trade industries in 2007. Commercial equipment wholesalers experienced the largest productivity gain, 13.7 percent. Unit labor costs fell in seven of the 19 detailed industries, but rose 1.9 percent in wholesale trade overall.
 
From 1987 to 2007, labor productivity rose 3.3% per year in wholesale trade, on average. Output increased 4.1% per year and hours grew 0.7% per year. Labor productivity rose in 17 of the 19 detailed industries. The fastest growth in output per hour occurred in commercial equipment wholesalers and electric goods wholesalers, 15.6% and 8.9% per year, respectively. Unit labor costs rose in all but two of the wholesale trade industries over the period, and increased 0.9% per year overall in the wholesale trade sector.

About the Author
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.

By subscribing, you are agreeing to MDM’s Privacy Policy.

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

0

articles left

This is your last free article

Subscribe to MDM Premium today and 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.