Labor productivity growth in manufacturing industries

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SOURCE: https://www.bls.gov/news.release/pdf/prin.pdf

Trends in labor productivity and unit labor costs in NAICS 3-digit industries in 2015 Manufacturing •

Labor productivity increased in 9 manufacturing industries in 2015, as output increased in 12 industries and hours worked fell in seven industries

Productivity rose fastest in the petroleum and coal products industry, where output increased by 4.6 percent and hours worked declined 2.3 percent.

Unit labor costs increased in 16 manufacturing industries

For five industries, productivity outpaced hourly compensation growth, leading to declines in unit labor costs.

Mining •

Productivity rose 11.4 percent in the oil and gas extraction industry, where output increased and hours worked declined. •

Output in mining, except oil and gas, declined at a greater pace than hours worked, resulting in a productivity decline of 1.4 percent. •

Productivity outpaced hourly compensation gains in the oil and gas extraction industry, resulting in a 6.7 percent decline in unit labor costs, while unit labor costs increased 4.8 percent in mining, except oil and gas.

produtivitychangeindustries

 

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