Productivity in retail trade, 2003
September 27, 2004
Productivity, as measured by output per hour, increased 5.1 percent in retail trade in 2003. Output rose by 4.5 percent while hours declined by 0.6 percent.
Labor productivity rose in 23 of the 27 retail trade industries in 2003. The highest increases were 25.3 percent in electronics and appliance stores and 15.8 percent in electronic shopping and mail-order houses. Productivity grew in five of the six largest retail trade industries, those with more than 1,000,000 employees.
From 1987 to 2003, labor productivity in retail trade increased 2.9 percent per year, while output increased 3.9 percent, and hours increased 0.9 percent per year.
This information is from the BLS Productivity and Costs Program. Data are subject to revision. Additional information is available from "Productivity by Industry: Wholesale Trade, Retail Trade, and Food Services and Drinking Places, 2003" (PDF) (TXT), news release USDL 04-1832.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity in retail trade, 2003 on the Internet at http://www.bls.gov/opub/ted/2004/sept/wk4/art01.htm (visited February 13, 2016).
Recent editions of Spotlight on Statistics
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.