Friday, August 29, 2008
Tweet[IWS] BLS: MULTIFACTOR PRODUCTIVITY TRENDS FOR DETAILED INDUSTRIES, 2006 [29 August 2008]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
MULTIFACTOR PRODUCTIVITY TRENDS FOR DETAILED INDUSTRIES, 2006 [29 August 2008]
http://www.bls.gov/news.release/prin3.nr0.htm
or
http://www.bls.gov/news.release/pdf/prin3.pdf
[full-text, 13 pages]
Multifactor productivity -- defined as output per unit of combined inputs --
increased in almost three out of five four-digit NAICS manufacturing industries in 2006.
More manufacturing industries experienced an increase in multifactor productivity over a
longer period. From 1987 to 2006, multifactor productivity increased in almost two-
thirds of manufacturing industries.
This news release now covers two transportation industries, air transportation
(NAICS 481) and line-haul railroads (NAICS 482111), that were previously published in
separate reports. Multifactor productivity increased for both of these transportation
industries in 2006 and over the longer term.
Multifactor productivity indexes relate the change in output to the change in the
combined inputs of labor, capital, and intermediate purchases consumed in producing that
output. Multifactor productivity measures the joint influences on economic growth of a
variety of factors, including technological change, returns to scale, enhancements in
managerial and staff skills, changes in the organization of production, and other
efficiency improvements.
2005-06, Manufacturing Industries
Multifactor productivity rose in 50 of the 86 manufacturing industries in 2006, as
output rose in 48 industries and combined inputs declined in 35 industries. Changes in
multifactor productivity were broadly distributed and varied greatly across industries,
even within 3-digit industry groups. (See Table 1.)
The largest increase in multifactor productivity, 23.9 percent, occurred in
computer and peripheral equipment (NAICS 3341), followed by an increase of 13.5
percent in communications equipment (NAICS 3342). Output rose rapidly in those
industries, greatly exceeding the growth in combined inputs. Multifactor productivity
declined 16.0 percent in other nonferrous metal production (NAICS 3314), where
combined inputs rose although output decreased. The largest industries had more
moderate movements in multifactor productivity. Changes for the twenty largest
manufacturing industries varied from -4.5 percent to 4.6 percent.
The number of manufacturing industries with annual multifactor productivity
growth increased slightly in 2006 after dropping from 2004 to 2005. For
most industries, input growth in 2006 was led by increases in intermediate purchases.
Purchases of intermediates increased in 54 industries, while capital services increased in
36 industries and labor hours rose in 37 industries.
AND MUCH MORE...including TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
MULTIFACTOR PRODUCTIVITY TRENDS FOR DETAILED INDUSTRIES, 2006 [29 August 2008]
http://www.bls.gov/news.release/prin3.nr0.htm
or
http://www.bls.gov/news.release/pdf/prin3.pdf
[full-text, 13 pages]
Multifactor productivity -- defined as output per unit of combined inputs --
increased in almost three out of five four-digit NAICS manufacturing industries in 2006.
More manufacturing industries experienced an increase in multifactor productivity over a
longer period. From 1987 to 2006, multifactor productivity increased in almost two-
thirds of manufacturing industries.
This news release now covers two transportation industries, air transportation
(NAICS 481) and line-haul railroads (NAICS 482111), that were previously published in
separate reports. Multifactor productivity increased for both of these transportation
industries in 2006 and over the longer term.
Multifactor productivity indexes relate the change in output to the change in the
combined inputs of labor, capital, and intermediate purchases consumed in producing that
output. Multifactor productivity measures the joint influences on economic growth of a
variety of factors, including technological change, returns to scale, enhancements in
managerial and staff skills, changes in the organization of production, and other
efficiency improvements.
2005-06, Manufacturing Industries
Multifactor productivity rose in 50 of the 86 manufacturing industries in 2006, as
output rose in 48 industries and combined inputs declined in 35 industries. Changes in
multifactor productivity were broadly distributed and varied greatly across industries,
even within 3-digit industry groups. (See Table 1.)
The largest increase in multifactor productivity, 23.9 percent, occurred in
computer and peripheral equipment (NAICS 3341), followed by an increase of 13.5
percent in communications equipment (NAICS 3342). Output rose rapidly in those
industries, greatly exceeding the growth in combined inputs. Multifactor productivity
declined 16.0 percent in other nonferrous metal production (NAICS 3314), where
combined inputs rose although output decreased. The largest industries had more
moderate movements in multifactor productivity. Changes for the twenty largest
manufacturing industries varied from -4.5 percent to 4.6 percent.
The number of manufacturing industries with annual multifactor productivity
growth increased slightly in 2006 after dropping from 2004 to 2005. For
most industries, input growth in 2006 was led by increases in intermediate purchases.
Purchases of intermediates increased in 54 industries, while capital services increased in
36 industries and labor hours rose in 37 industries.
AND MUCH MORE...including TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 10:29 AM
