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American manufacturing; Work hours and productivity recover from COVID-19.

October 07 2022

After the outbreak of the COVID-19 pandemic, Manufacturing output fell 43 percent at an annualized rate, and output fell 38 percent in the second quarter of 2020. These are the biggest declines since World War II. Automobile production almost stopped, and some factories were even built to produce air. Other major manufacturing industries include primary metals; fabricated metal products; machinery, Includes food and beverages and tobacco products and chemicals. Any big business is immune in the second quarter.

Selected manufacturing industries; Production indicators from the fourth quarter of 2019 to the second quarter of 2022
Ward	Vehicles and parts	Fabricated Metals	Machine	Computers and electronics	food Beverages cigarette	Chemical
Q4 2019	100,000	100,000	100,000	100,000	100,000	100,000
Q1 2020	95,685	98,759	98,651	101,426	100,401	100,340
Q2 2020	50,909	88.513	82,715	96,748	95,874	95,359
Q3 2020	106,697	90,778	91,711	99,450	99,762	98.058
Q4 2020	103,929	92, 217	93,317	99,013	100,652	99,919
Q1 2021	99,752	93,284	97,322	100.175	101. 182	97,275
Q2 2021	94,945	94,270	98,902	104,468	100.186	104.265
Q3 2021	95,004	95,333	101.791	107,053	99,553	104,419
Q4 2021	99,800	97,636	102,902	107,967	100,603	105,851
Q1 2022	100,424	98,914	106,734	107,321	102, 206	105,610
Q2 2022	106.137	99,438	105,518	107,332	102, 202	106.661

The auto industry is driving the immediate recovery as manufacturing has recovered to within 5 percent of pre-pandemic levels. Auto and parts production fell in the next quarter due to supply chain disruptions. At the same time, computer and electronic products; Many other industries continued to recover, led by chemicals and machinery, leading to overall manufacturing growth.

Manufacturing output picked up again in the third quarter of 2020. In the third quarter of 2020, manufacturing (53 percent) and working hours (30 percent) recorded year-over-year gains. Manufacturing recovered more quickly than hours, with manufacturing output at a historic high of 18 percent. Manufacturing productivity rose more than 9 percent in the second quarter of 2021, the quarter with the largest decline in working hours since the second quarter of 2020.

manufacturing indices; Work hours and labor productivity in manufacturing; Fourth quarter 2019 to second quarter 2022
Ward	Output	Working hours	Productivity
Q4 2019	100,000	100,000	100,000
Q1 2020	98,615	98.122	100,504
Q2 2020	85,627	87.056	98,359
Q3 2020	95,235	92,934	102,477
Q4 2020	97.154	94,700	102,592
Q1 2021	97,784	95,676	102, 203
Q2 2021	99.152	94,870	104,513
Q3 2021	100.076	96,352	103.866
Q4 2021	101,512	97,779	103.819
Q1 2022	102,451	98,982	103.506
Q2 2022	103,465	98,812	104,709

Manufacturing output continued to grow steadily through the second quarter of 2022, only 3.5 percent above the level in the fourth quarter of 2019, unaffected by the latest quarter due to the COVID-19 pandemic. Working hours in manufacturing increased by two quarters since the third quarter of 2020 and recovered to within 1.2 percent of the level in the fourth quarter of 2019. Labor productivity in manufacturing rose 4.7 percent in the second quarter of 2022. Fourth quarter of 2019.

These data are from the Productivity Program and need to be revised. worker, Productivity or output per hour is calculated by indexing hours worked for all persons, including owners and unpaid family workers.