U.S. Manufacturing Productivity Revised Sharply Higher in Second Quarter

The U.S. Bureau of Labor Statistics revised manufacturing productivity upward for the second quarter, with gains concentrated in durable-goods industries. Manufacturing employment increased in both the first and second quarters. According to the data, durable-goods manufacturers achieved productivity growth of at least 3.6 percent in consecutive quarters while adding jobs in both periods, a combination that has not occurred outside of post-recession recoveries since the late 1990s.

Next story