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December 1985, Vol. 108, No.
12
Productivity growth low
in the oilfield machinery industry
Arthur S. Herman
Economist, Division of Industry Productivity and Technology Studies, Bureau of Labor Statistics
Output per employee hour increased an average of only 1.2 percent annually in the oilfield machinery industry between 1967 and 1983, with output going through several boom and bust cycles.
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Industry Productivity
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Productivity in crude oil and natural gas production.—Mar. 1992.
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