Labour productivity fell by 0.2% in Q3 of 2012 according to an ONS statistical bulletin. Market sector productivity (an experimental series) also fell by 0.6% to its lowest level since 2005. Services output/hour fell by 0.1%. Whole economy labour costs fell by 0.1%. Manufacturing unit wage costs fell by 0.1% and were 6.2% higher than 2011.
Showing posts with label unit labour costs. Show all posts
Showing posts with label unit labour costs. Show all posts
Friday, 4 January 2013
Monday, 2 July 2012
Sharp Fall In Productivity
The latest labour productivity statistics from the ONS show that productivity on an output per hour basis fell by 1.3% in the first quarter of 2012. Market sector productivity fell by 1.6%.
Labour productivity in the services sector fell by 0.4% and it fell by 2.6% in manufacturing, the sharpest fall since Q4 2008. Production sector productivity as a whole fell by 2.7%.
Unit labour costs increased by 1.4% in the first quarter. In manufacturing unit labour costs increased by 2.1%.
The GVA measure of output fell by 0.4% during Q1 2012. During the same period the number of workers and jobs increased by 0.4% and the number of hours worked increased by 0.9% resulting in a sharp fall in output per job over the period.
Labour productivity in the services sector fell by 0.4% and it fell by 2.6% in manufacturing, the sharpest fall since Q4 2008. Production sector productivity as a whole fell by 2.7%.
Unit labour costs increased by 1.4% in the first quarter. In manufacturing unit labour costs increased by 2.1%.
The GVA measure of output fell by 0.4% during Q1 2012. During the same period the number of workers and jobs increased by 0.4% and the number of hours worked increased by 0.9% resulting in a sharp fall in output per job over the period.
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