Factory productivity in the third quarter of 2005
December 07, 2005
Productivity—as measured by output per hour of all persons—increased 3.4 percent in manufacturing in the third quarter of 2005. Output increased 2.4 percent and hours of all persons decreased 1.0 percent (seasonally adjusted annual rates).
Productivity in manufacturing grew more slowly than in the second quarter of the year, when it rose 4.0 percent (as revised). In the second quarter of 2005, output rose 1.2 percent and hours of all persons dropped 2.6 percent.
In durable goods industries, productivity increased 6.5 percent in the third quarter, reflecting increases of 6.9 percent in output and 0.3 percent in hours. Productivity grew more slowly in the nondurable goods industries, 0.2 percent, as output declined 3.1 percent and hours fell 3.3 percent. Hours in nondurable goods manufacturing have fallen in every quarter beginning with the third quarter of 1999.
These data are from the BLS Productivity and Costs program. Data are subject to revision. For more information, see the "Productivity and Costs, Third Quarter 2005, revised" (PDF) (TXT), news release USDL 05-2275.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Factory productivity in the third quarter of 2005 on the Internet at http://www.bls.gov/opub/ted/2005/dec/wk1/art03.htm (visited November 23, 2014).
Three recent editions of Spotlight on Statistics
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.