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 26, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
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.