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Productivity increases 1.9% in the 3rd Quarter

According to the 8:30 A.M. (EDT) November 1st report by the Bureau of Labor Statistics, productivity increased 1.9% in the non farm sector in the 3rd Quarter of 2012.

The bureau reported that the increases reflected a 3.2% increase in output and 1.3% in hours worked.    From the 3rd Quarter 2011 to the 3rd Quarter 2012, productivity increased 1.5%  as output and hours worked increased 3.3% and 1.8%.    In a downward trend, Manufacturing productivity decreased .4% in the third Quarter of 2012.    Output and hours worked decreased .6% and .2%.   Productivity decreased .7% in the durable goods sector and .1% in the non durable goods sector.   However, in the last 4 total quarters, manufacturing