Friday, May 22, 2009

Decline in American Mining Productivity


Via Reliable Plant

Labor productivity, defined as output per hour, fell 6.4 percent in the overall United States mining sector between 2006 and 2007, the U.S. Department of Labor's Bureau of Labor Statistics reported.

This drop was led by a large productivity decline of 15.4 percent in metal ore mining (NAICS 2122), where hours rose rapidly.

Unit labor costs rose in all of the mining industries in 2007. Unit labor costs represent the cost of labor required to produce one unit of output.

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