Productivity and costs by selected industries in 2008
September 01, 2009
Labor productivity—defined as output per hour—fell in wholesale trade, retail trade, and food services and drinking places in 2008: -0.3 percent in wholesale trade, -1.8 percent in retail trade, and -0.7 percent in food and services and drinking places. Both output and hours declined in each of these sectors in 2008.
Productivity fell in 26 of the 50 detailed industries studied. Unit labor costs rose in 29 of the detailed industries and in all three sectors.
Over the longer term, output per hour increased at the following average annual rates between 1987 and 2008: 3.0 percent in wholesale trade, 3.0 percent in retail trade, and 0.6 percent in food services and drinking places.
These data are from the BLS Productivity and Costs program. For more information, see the "Productivity and Costs by Industry: Wholesale Trade, Retail Trade, and Food Services and Drinking Places Industries, 2009" (HTML) (PDF), news release USDL 09-1022.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity and costs by selected industries in 2008 on the Internet at http://www.bls.gov/opub/ted/2009/ted_20090901.htm (visited July 29, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
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.