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Economic News Release
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Productivity and Costs by Industry: Manufacturing and Mining Industries - 2024

For release 10:00 a.m. (ET) Thursday, April 24, 2025                                                         USDL-25-0565

Technical information: (202) 691-5606  *  productivity@bls.gov   *  www.bls.gov/productivity 
Media contact:         (202) 691-5902  *  PressOffice@bls.gov


                                    PRODUCTIVITY AND COSTS BY INDUSTRY
                                MANUFACTURING AND MINING INDUSTRIES - 2024

Labor productivity decreased in 52 of the 86 four-digit NAICS manufacturing industries in 2024, the U.S. Bureau of 
Labor Statistics reported today. Among durable manufacturing industries, 22 of 51 had productivity increases in 2024, 
led by a gain of 17.2 percent in the household appliances industry. Productivity rose in 11 of 35 nondurable goods 
manufacturing industries, led by a 12.5-percent gain in fiber, yarn, and thread mills. Productivity fell in 4 of the 
5 mining industries in 2024 with the greatest decrease occurring in the metal ore mining industry (-10.6 percent). 
(See table 1.) Among industries with more than 350,000 workers, aerospace products and parts had the largest 
productivity decline in 2024 (-7.0 percent) while electronic instruments recorded the highest productivity gain 
(2.8 percent).

Hours worked decreased in 50 of the 86 four-digit manufacturing industries in 2024. Electric lighting equipment 
recorded the greatest decline in hours worked (-21.2 percent). Hours worked decreased in three of five mining 
industries. Eleven of the 91 mining and manufacturing industries increased both output and hours worked in 2024. Six 
of these eleven industries had declining labor productivity.

Labor Productivity Trends in Three-Digit NAICS Industries, 2024

Manufacturing
   * Labor productivity declined in 12 of the 21 three-digit NAICS manufacturing industries in 2024. Among the 9 
     industries with productivity gains, 8 recorded declines in both output and hours worked.
   * Output decreased in 19 industries. Twelve of these industries had an output decline of more than 2.0 percent.
   * Computer and electronic products was the only manufacturing industry that had growth in both productivity 
     (+2.2 percent) and output (+0.1 percent).
   * Nonmetallic mineral products had the largest productivity decline (-7.2 percent).
   
Mining
   * Labor productivity declined in 2 of the 3 three-digit NAICS mining industries in 2024.
   * Oil and gas extraction had a productivity gain of 0.2 percent due to a 2.1-percent increase in output and a 
     1.9-percent increase in hours worked.
   * Productivity fell 5.7 percent in mining (except oil and gas), the most among mining industries. Hours worked 
     rose in this industry (+0.5 percent) while output fell (-5.2 percent).

Trends in Unit Labor Costs in 2024

Unit labor costs reflect the total labor costs required to produce a unit of output. Unit labor costs increase 
when hourly compensation growth exceeds productivity growth.

Manufacturing
   * In manufacturing, unit labor costs increased in 20 of the 21 three-digit NAICS industries in 2024, at an 
     average rate of 6.1 percent. The four industries with the largest growth in unit labor costs were nonmetallic 
     mineral products (+12.1 percent), transportation equipment (+9.5 percent), textile product mills 
     (+9.4 percent), and furniture and related products (+9.4 percent). All four industries had declining output 
     but increased labor compensation. 
   * Unit labor costs increased in 73 out of the 86 four-digit NAICS manufacturing industries. Labor 
     compensation increased in 66 manufacturing industries in 2024. (See table 1.)

Mining
   * Unit labor costs increased in each of the three-digit NAICS mining industries. The greatest growth in 
     unit labor costs occurred in support activities for mining (+18.5 percent). This industry also had the 
     largest increase in hourly compensation (+12.4 percent).
	 
2019 to 2024 Trends

Productivity increased in 35 of the 86 four-digit NAICS manufacturing industries from 2019 to 2024. Over 
this period, 2 of the 5 four-digit NAICS mining industries experienced productivity growth. Note that the 
annual percent changes for periods of more than one year are annualized average rates of change over the entire 
period, or a compound annual growth rate. (See table 3.)

Manufacturing
   * The two industries with the greatest gains in productivity from 2019 to 2024 were audio and video equipment
     (+11.2 percent per year) and apparel knitting mills (+8.6 percent). The largest productivity decline 
     occurred in tobacco manufacturing (-9.0 percent).
   * Output decreased in over three-quarters of the four-digit NAICS manufacturing industries from 2019 to 2024. 
     Audio and video equipment manufacturing was the industry with the greatest output growth (+8.6 percent per 
     year) while the largest declines occurred in textile and fabric finishing mills and office furniture and 
     fixtures (-8.2 percent in both industries).
   * Hours worked fell in 53 out of 86 four-digit NAICS manufacturing industries from 2019 to 2024. Apparel 
     knitting mills recorded the largest drop in hours worked (-10.5 percent per year). Two manufacturing 
     industries had growth in hours worked of more than 4.0 percent per year over this period: beverages 
     (+4.8 percent) and motor vehicles (+4.7 percent).
	 
Mining
   * The greatest productivity growth among mining industries from 2019 to 2024 occurred in oil and gas 
     extraction (+5.3 percent per year).
   * Output increased from 2019 to 2024 in two mining industries. The greater increase in output occurred 
     in oil and gas extraction at 1.8 percent per year. Coal mining had the largest decline in output 
     (-6.7 percent per year) from 2019 to 2024. 
   * In 2024, hours worked remained below pre-pandemic levels in 4 out of the 5 four-digit NAICS mining 
     industries. The largest decline in hours worked occurred in support activities for mining which 
     decreased by 5.4 percent per year from 2019 to 2024. Metal ore mining was the only mining industry 
     to increase hours worked (+0.6 percent per year).
	 
Long-Term Trends in Labor Productivity
 
   * Over the entire 1987-2024 period, labor productivity rose in 82 of the 91 manufacturing and mining 
     industries. Output rose in 48 industries while hours worked increased in only 18. (See table 2.) In 
     the 18 industries where hours worked increased, they rose at a slow pace of 0.7 percent per year 
     (on average).
   * During the 2007-2019 period, productivity increased in 35 industries. Of these industries, only five 
     had simultaneous growth in output and hours worked. Oil and gas extraction had the greatest growth 
     in output over this period (+7.0 percent per year).
   * In the most recent 2019-2024 period, productivity increased in 37 industries. Hours worked grew in 
     34 industries, the greatest number for any selected time period. Beverages had the highest annual 
     growth in hours worked from 2019 to 2024 (+4.8 percent). Audio and video equipment manufacturing had 
     the highest annual growth in productivity (+11.2 percent) and output (+8.6 percent) of all 91 
     manufacturing and mining industries.
	 
Long-Term Trends in Unit Labor Costs
 
   * From 1987 to 2024, unit labor costs increased in 81 of the 86 four-digit NAICS manufacturing 
     industries and in all five mining industries. (See table 2.)
   * In the 2007 to 2019 time period, unit labor costs increased in 82 out of 86 manufacturing industries 
     and in 3 of the 5 mining industries. From 2007 to 2019, unit labor costs rose the most in the resin, 
     rubber, and artificial fibers industry (+5.0 percent per year). 
   * From 2019 to 2024, unit labor costs increased in 81 out of 86 manufacturing industries and in 4 of 
     the 5 mining industries. Over this period, unit labor costs rose the most in the office furniture 
     and fixtures industry (+10.9 percent).
	 
The computer and peripheral equipment industry recorded the largest productivity gain (+12.9 percent per 
year) as well as the largest unit labor costs decline (-10.1 percent) during the 1987-2024 period. However, 
from 2007 to 2019, labor productivity fell (-0.4 percent) as did unit labor costs (-0.4 percent). For the 
2019-2024 period, both labor productivity (+3.3 percent) and unit labor costs (+3.3 percent) grew in 
computer and peripheral equipment manufacturing.

Additional Information

Manufacturing industry output measures for 2022 and earlier years are constructed primarily using data 
from the economic censuses and annual surveys of the U.S. Census Bureau together with data on price changes 
primarily from BLS. Manufacturing industry output for 2023 and 2024 is estimated based on historical 
relationships between BLS sectoral output, BLS price indexes, and data on industrial production from the 
Federal Reserve Board.

Mining industry output measures are constructed primarily using data from the U.S. Energy Information 
Administration and the U.S. Geological Survey's Mineral Commodity Summaries and Mineral Yearbooks. The data 
from the U.S. Energy Information Administration are usually revised on a monthly schedule while the U.S. 
Geological Survey's publications are released annually.

Access productivity data at www.bls.gov/productivity/tables/labor-productivity-detailed-industries.xlsx for:
   * Additional industries and sectors
   * Detailed data series: indexes of productivity and related measures; rates of change; and levels of 
     industry employment, hours worked, sectoral output, and labor compensation
	 
Subscribe to productivity news releases on the BLS website at 
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Last Modified Date: April 24, 2025