Date: September 5, 2019
Nonfarm Business Sector
According to a release from U. S. Bureau of Labor Statistics, “nonfarm business sector labor productivity increased 2.3% in the second quarter of 2019, as output increased 1.9% and hours worked decreased 0.4%.” Year over year, from the second quarter of 2018 to the second quarter of 2019, productivity grew 1.8%, resulting in a 2.6% increase in output and a 0.9% increase in hours worked.
Moreover, in the nonfarm business sector, unit labor costs climbed 2.6% in the second quarter of 2019, and increased a similar 2.6% over the last four quarters.
Manufacturing Sector
In the second quarter of 2019, labor productivity for the Manufacturing sector declined 2.2%, as output decreased 3.0% and hours worked fell 0.8%. Furthermore, in the durable manufacturing sector, productivity went down 0.6%, reflecting a 1.9% decrease in output and a 1.4% decrease in hours worked. Also, productivity declined 4.4% in the nondurable manufacturing sector as output decreased 4.2 % and hours worked went up 0.%. Total manufacturing sector productivity was remained constant over the last four quarters, as output increased 0.2% and hours worked increased 0.1%.
In the manufacturing sector, unit labor costs climbed 6.7% in the second quarter of 2019, and increased 4.5 percent from the same quarter a year ago
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
