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Menu Bar Value of Shipments | Annual Production | Labor Productivity

Labor productivity has improved substantially over the last decade, rising at an average annual rate of about 2% between 1987 and 1997 [BLS 1996]. Investments in new technologies, facilities, employee training, and product development have reduced the number of man-hours required to produce a ton of castings, despite the trend toward more complex, value-added castings. The average hourly earnings in the metalcasting industry were $14.43 in 1997 [DOC 1997].


Figure on Labor Productivity - 1987-1996
Source: BLS 1996
* SIC 332 represents Iron and Steel Foundries
** SIC 336 represents Nonferrous Foundries


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File Last Modified: 05/05/2000

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