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[IWS] BLS: PRODUCTIVITY AND COSTS BY INDUSTRY: WHOLESALE TRADE, RETAIL TRADE, AND FOOD SERVICES AND DRINKING PLACES INDUSTRIES, 2012 [29 August 2013]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
PRODUCTIVITY AND COSTS BY INDUSTRY: WHOLESALE TRADE, RETAIL TRADE, AND FOOD SERVICES AND DRINKING PLACES INDUSTRIES, 2012 [29 August 2013]
[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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