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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

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PRODUCTIVITY AND COSTS BY INDUSTRY: WHOLESALE TRADE, RETAIL TRADE, AND FOOD SERVICES AND DRINKING PLACES INDUSTRIES, 2012 [29 August 2013]

http://www.bls.gov/news.release/prin1.nr0.htm

or

http://www.bls.gov/news.release/pdf/prin1.pdf

[full-text, 9 pages]

 

 

Labor productivity - defined as output per hour - rose in wholesale trade and in retail trade but fell

slightly in food services and drinking places in 2012, the U.S. Bureau of Labor Statistics reported today.

Productivity changes were as follows:

 

                             2.5 percent in wholesale trade,

                             2.4 percent in retail trade, and

                                                    -0.1 percent in food services and drinking places.

 

Productivity grew faster in wholesale trade and retail trade in 2012 than in 2011, as output increased at

the same rate as in the previous year for wholesale trade and more rapidly for retail trade, while hours

rose more slowly in both sectors than in 2011. In food services and drinking places, output

and hours both rose more rapidly in 2012 than in 2011, but hours rose faster than output.

 

Unit labor costs, which reflect the total labor costs required to produce a unit of output, fell in retail

trade but rose in wholesale trade and in food services and drinking places in 2012.

 

Productivity increased in 33 of the 50 detailed 4-digit NAICS industries in 2012. Output grew in 41

industries and hours increased in 33 industries. Unit labor costs fell in 22 industries in 2012.

 

AND MUCH MORE...including TABLES....

 

 

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