Home > Releases > Total Factor Productivity for Major Industries > Private Nonfarm Business Sector: Total Factor Productivity
Observation:
2023: 0.7 (+ more) Updated: Apr 1, 2024 12:40 PM CDT2023: | 0.7 | |
2022: | -1.6 | |
2021: | 3.2 | |
2020: | -0.2 | |
2019: | 1.3 |
Units:
Percent Change from Year Ago,Frequency:
AnnualData in this graph are copyrighted. Please review the copyright information in the series notes before sharing.
Title | Release Dates | |
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Private Nonfarm Business Sector: Multifactor Productivity | 2016-05-05 | 2024-03-20 |
Private Nonfarm Business Sector: Total Factor Productivity | 2024-03-21 | 2024-03-21 |
Source | ||
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U.S. Bureau of Labor Statistics | 2016-05-05 | 2024-03-21 |
Release | ||
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Multifactor Productivity Trends in Manufacturing | 2016-05-05 | 2021-11-17 |
Total Factor Productivity for Major Industries | 2021-11-18 | 2024-03-21 |
Units | ||
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Percent Change from Year Ago | 2016-05-05 | 2024-03-21 |
Frequency | ||
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Annual | 2016-05-05 | 2024-03-21 |
Seasonal Adjustment | ||
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Not Seasonally Adjusted | 2016-05-05 | 2024-03-21 |
Notes | ||
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Multifactor productivity is calculated by dividing an index of real output by an index of combined units of labor input and capital services. It is designed to measure the joint influences of technological change, efficiency improvements, returns to scale, reallocation of resources, and other factors of economic growth, accounting for the effects of capital and labor. The real value is the added output divided by combined inputs. For more information, please go to https://www.bls.gov/mfp/ Source Indicator: MPU4910013 |
2016-05-05 | 2024-03-21 |
Private Nonfarm Business Sector: Multifactor Productivity
Index 2012=100, Annual, Not Seasonally AdjustedPrivate Nonfarm Business Sector: Total Factor Productivity
Index 2017=100, Annual, Not Seasonally Adjusted