August 29, 2007
Labor productivity—defined as output per hour—increased in wholesale trade, retail trade, and food services and drinking places in 2006.
In wholesale trade, output per hour grew 4.3 percent, as output increased 6.6 percent and hours advanced 2.2 percent. The largest increases in productivity—13.0 percent and 11.8 percent—occurred in motor vehicles and parts wholesalers, and farm product raw materials wholesalers, respectively.
In retail trade, output per hour increased 4.9 percent as output grew 4.1 percent while hours declined 0.8 percent. Specialty food stores and electronic shopping and mail-order houses had the largest productivity increases—20.0 percent and 18.2 percent, respectively.
In food services and drinking places, output per hour rose 2.4 percent as output grew 4.9 percent and hours, 2.4 percent, respectively. The largest increase in productivity, 3.2 percent, occurred in limited-service eating places.
These data come from the BLS Productivity and Costs program. Productivity data are subject to revision. To learn more, see "Productivity and Costs by Industry: Wholesale Trade, Retail Trade, And Food Services And Drinking Places, 2006" (PDF) (TXT), news release USDL 07-1321.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity growth in wholesale trade, retail trade, and food services and drinking places, 2006 on the Internet at http://www.bls.gov/opub/ted/2007/aug/wk4/art03.htm (visited May 02, 2016).
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.