Saturday, August 20, 2011

Productivity Trends in Manufacturing, 2009

From the Bureau of Labor Statistics [PDF]

Manufacturing sector multifactor productivity declined at a 5.7 percent annual rate in 2009, the U.S. Bureau of Labor Statistics reported. This was the largest annual decline in multifactor productivity since the series started in 1987. The multifactor productivity decline in 2009 reflected a 12.5 percent decrease in output and a 7.2 percent decrease in combined inputs.

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