Side-by-Side Production and Costs: By the Numbers Calculate the annual increase or decrease in the value of the The economy grows when businesses can increase labor manufacturing labor productivity index for each year productivity by increasing output and/or reducing inputs between 1998 and 2018. used to produce goods and services. The U.S. Bureau of Labor Statistics collects data on labor productivity by major industrial sectors. The accompanying table provides data on U.S. labor productivity in The largest increase in the value of the labor manufacturing. productivity index occurred between 2001 and 2002. 2009 and 2010. Major Sector Productivity and Costs 1999 and 2000. . Sector: Manufacturing O 2002 and 2003. . Measure: Labor productivity (output per hour) . Duration: Index, base year - 100 . Base Year: 2012 Year Qtrl Otr2 Qtr3 Otr4 Annual The largest decrease in the value of the labor 1998 63.06 63.32 64.4 65.2 63.99 productivity index occurred between 1999 66.67 67.56 67.56 69.15 67.73 O 201 1 and 2012. 2000 69.54 69.92 69.94 70.62 O 2013 and 2014. 2001 70.67 71.45 71.71 73.51 71.8 O 2007 and 2008. 2002 75.66 77.11 78.46 79.32 77.63 2014 and 2015. 2003 80.87 81.8 83.67 83.57 82.46 2004 83.41 84.21 84.91 86.52 84.76 2005 88.36 89.4 89.34 89.45 89.14 2006 89.34 88.94 89.92 91.29 89.87