An implicit combined inputs deflator is an index of the change over time in the cost to utilize units of inputs to produce goods and services relative to a base period.
Combined inputs are all the inputs that are used directly to produce output. For the private business and private business sector, inputs include labor and capital only. For all other sectors and industries, inputs include labor, capital, and intermediate purchases.
Labor compensation, defined as payroll plus supplemental payments, is a measure of the cost to the employer of securing the services of labor. Payroll includes salaries, wages, commissions, dismissal pay, bonuses, vacation and sick leave pay, and compensation in kind. Supplemental payments include both legally required expenditures and payments for voluntary programs. The legally required portion consists primarily of federal old age and survivors’ insurance, unemployment compensation, and workers’ compensation. Payments for voluntary programs include all programs not specifically required by legislation, such as the employer portion of private health insurance and pension plans.
Employment is the total number of wage and salary workers, unincorporated self-employed workers, and unpaid family workers working within business establishments. An individual who works multiple jobs at separate establishments would have each job included in the number of employees.
Contribution of intermediate inputs intensity is the portion of labor productivity change attributed to purchased intermediate inputs. It is the ratio of intermediate purchases to hours worked in the production process. Intermediate purchases are the value of produced goods and services which are used as energy, materials, and purchased services in an industry or sector's production process.
An implicit combined inputs deflator is an index of the change over time in the cost to utilize units of inputs to produce goods and services relative to a base period.
Labor compensation, defined as payroll plus supplemental payments, is a measure of the cost to the employer of securing the services of labor. Payroll includes salaries, wages, commissions, dismissal pay, bonuses, vacation and sick leave pay, and compensation in kind. Supplemental payments include both legally required expenditures and payments for voluntary programs. The legally required portion consists primarily of federal old age and survivors’ insurance, unemployment compensation, and workers’ compensation. Payments for voluntary programs include all programs not specifically required by legislation, such as the employer portion of private health insurance and pension plans.
Capital is the flow of the services derived from physical assets (equipment, structures, inventories, and land) and intellectual property used to produce output.
Real sectoral output is the output produced that has been adjusted for changes in inventory (gross output) and the removal of goods and services shipped among related establishments, which are referred to as intra-industry and intra-sectoral shipments.
Intermediate inputs intensity is the ratio of the amount of intermediate inputs used relative to the amount of labor hours used to produce output of goods and services.
Intermediate inputs productivity is the efficiency at which intermediate inputs are used in the production of goods and services, measured as output produced per unit of intermediate purchases. Intermediate inputs are the goods and services (including energy, raw materials, semi-finished goods, and services that are purchased from all sources) that are used in the production process to produce other goods or services rather than for final consumption.
Labor hours are measured as annual hours worked by all workers, including wage and salary workers, unincorporated self-employed workers, and unpaid family workers, in the production of goods and services.
Labor compensation, defined as payroll plus supplemental payments, is a measure of the cost to the employer of securing the services of labor. Payroll includes salaries, wages, commissions, dismissal pay, bonuses, vacation and sick leave pay, and compensation in kind. Supplemental payments include both legally required expenditures and payments for voluntary programs. The legally required portion consists primarily of federal old age and survivors’ insurance, unemployment compensation, and workers’ compensation. Payments for voluntary programs include all programs not specifically required by legislation, such as the employer portion of private health insurance and pension plans.
Contribution of capital intensity is the portion of labor productivity change attributed to capital services. Capital services are the flow of the services derived from physical assets (equipment, structures, inventories, and land) and intellectual property used to produce output.
Capital intensity is the ratio of capital services to hours worked in the production process. Capital services are the flow of the services derived from physical assets (equipment, structures, inventories, and land) and intellectual property used to produce output.
Employment is the total number of wage and salary workers, unincorporated self-employed workers, and unpaid family workers working within business establishments. An individual who works multiple jobs at separate establishments would have each job included in the number of employees.
Hourly compensation is the sum of wage and salary accruals and supplements to wages and salaries per hour of labor services used to produce output. Wage and salary accruals consist of the monetary remuneration of employees. Supplements to wages and salaries consist of employer contributions for social insurance and employer payments (including payments in kind) to private pension and profit-sharing plans, group health and life insurance plans, privately administered workers' compensation plans.
Intermediate inputs are the goods and services (including energy, raw materials, semi-finished goods, and services that are purchased from all sources) that are used in the production process to produce other goods or services rather than for final consumption.
Total factor productivity is the efficiency at which combined inputs are used to produce output of goods and services. The total factor productivity indexes do not measure the specific contributions of capital, labor, and intermediate inputs. Rather, they reflect the joint influences on economic growth of a number of factors that are not specifically accounted for on the input side, including technological change, returns to scale, improved skills of the workforce, better management techniques, or other efficiency improvements.
Employment is the total number of wage and salary workers, unincorporated self-employed workers, and unpaid family workers working within business establishments. An individual who works multiple jobs at separate establishments would have each job included in the number of employees.
Hourly compensation is the sum of wage and salary accruals and supplements to wages and salaries per hour of labor services used to produce output. Wage and salary accruals consist of the monetary remuneration of employees. Supplements to wages and salaries consist of employer contributions for social insurance and employer payments (including payments in kind) to private pension and profit-sharing plans, group health and life insurance plans, privately administered workers' compensation plans.
An output deflator is an index of the change over time in the price of sectoral output relative to a base period.
Intermediate inputs intensity is the ratio of the amount of intermediate inputs used relative to the amount of labor hours used to produce output of goods and services.
Labor productivity describes the efficiency at which labor hours are utilized in producing output of goods and services, measured as output per hour of labor.
Capital is the flow of the services derived from physical assets (equipment, structures, inventories, and land) and intellectual property used to produce output.
Sectoral output is the current dollar value of output that has been adjusted for changes in inventory (gross output) and the removal goods and services shipped among related establishments, which are referred to as intra-industry and intra-sectoral shipments.
Labor hours are measured as annual hours worked by all workers, including wage and salary workers, unincorporated self-employed workers, and unpaid family workers, in the production of goods and services.
Output per worker is ratio of the amount of goods and services produced relative to the number of workers who produced that output for a given period of time.
Contribution of intermediate inputs intensity is the portion of labor productivity change attributed to purchased intermediate inputs. It is the ratio of intermediate purchases to hours worked in the production process. Intermediate purchases are the value of produced goods and services which are used as energy, materials, and purchased services in an industry or sector's production process.
Sectoral output is the current dollar value of output that has been adjusted for changes in inventory (gross output) and the removal goods and services shipped among related establishments, which are referred to as intra-industry and intra-sectoral shipments.
Total factor productivity is the efficiency at which combined inputs are used to produce output of goods and services. The total factor productivity indexes do not measure the specific contributions of capital, labor, and intermediate inputs. Rather, they reflect the joint influences on economic growth of a number of factors that are not specifically accounted for on the input side, including technological change, returns to scale, improved skills of the workforce, better management techniques, or other efficiency improvements.
Capital productivity is the efficiency at which capital services are utilized in producing output of goods and services, measured as output produced per unit of capital services input. Capital services are the flow of the services derived from physical assets (equipment, structures, inventories, and land) and intellectual property used to produce output.
Sectoral output is the current dollar value of output that has been adjusted for changes in inventory (gross output) and the removal goods and services shipped among related establishments, which are referred to as intra-industry and intra-sectoral shipments.
Real sectoral output is the output produced that has been adjusted for changes in inventory (gross output) and the removal of goods and services shipped among related establishments, which are referred to as intra-industry and intra-sectoral shipments.
Labor hours are measured as annual hours worked by all workers, including wage and salary workers, unincorporated self-employed workers, and unpaid family workers, in the production of goods and services.
Sectoral output is the current dollar value of output that has been adjusted for changes in inventory (gross output) and the removal goods and services shipped among related establishments, which are referred to as intra-industry and intra-sectoral shipments.
Real sectoral output is the output produced that has been adjusted for changes in inventory (gross output) and the removal of goods and services shipped among related establishments, which are referred to as intra-industry and intra-sectoral shipments.
Intermediate inputs productivity is the efficiency at which intermediate inputs are used in the production of goods and services, measured as output produced per unit of intermediate purchases. Intermediate inputs are the goods and services (including energy, raw materials, semi-finished goods, and services that are purchased from all sources) that are used in the production process to produce other goods or services rather than for final consumption.
Labor hours are measured as annual hours worked by all workers, including wage and salary workers, unincorporated self-employed workers, and unpaid family workers, in the production of goods and services.
Sectoral output is the current dollar value of output that has been adjusted for changes in inventory (gross output) and the removal goods and services shipped among related establishments, which are referred to as intra-industry and intra-sectoral shipments.
Labor compensation, defined as payroll plus supplemental payments, is a measure of the cost to the employer of securing the services of labor. Payroll includes salaries, wages, commissions, dismissal pay, bonuses, vacation and sick leave pay, and compensation in kind. Supplemental payments include both legally required expenditures and payments for voluntary programs. The legally required portion consists primarily of federal old age and survivors’ insurance, unemployment compensation, and workers’ compensation. Payments for voluntary programs include all programs not specifically required by legislation, such as the employer portion of private health insurance and pension plans.
Employment is the total number of wage and salary workers, unincorporated self-employed workers, and unpaid family workers working within business establishments. An individual who works multiple jobs at separate establishments would have each job included in the number of employees.
Capital is the flow of the services derived from physical assets (equipment, structures, inventories, and land) and intellectual property used to produce output.
Contribution of capital intensity is the portion of labor productivity change attributed to capital services. Capital services are the flow of the services derived from physical assets (equipment, structures, inventories, and land) and intellectual property used to produce output.
Intermediate inputs intensity is the ratio of the amount of intermediate inputs used relative to the amount of labor hours used to produce output of goods and services.
An implicit combined inputs deflator is an index of the change over time in the cost to utilize units of inputs to produce goods and services relative to a base period.
Combined inputs are all the inputs that are used directly to produce output. For the private business and private business sector, inputs include labor and capital only. For all other sectors and industries, inputs include labor, capital, and intermediate purchases.
Intermediate inputs are the goods and services (including energy, raw materials, semi-finished goods, and services that are purchased from all sources) that are used in the production process to produce other goods or services rather than for final consumption.
Labor productivity describes the efficiency at which labor hours are utilized in producing output of goods and services, measured as output per hour of labor.
Real sectoral output is the output produced that has been adjusted for changes in inventory (gross output) and the removal of goods and services shipped among related establishments, which are referred to as intra-industry and intra-sectoral shipments.
These data come from the Current Population Survey (CPS), also known as the household survey. Civilian Labor Force includes all persons in the civilian noninstitutional population ages 16 and older classified as either employed or unemployed. Employed persons are all persons who, during the reference week (the week including the 12th day of the month), (a) did any work as paid employees, worked in their own business or profession or on their own farm, or worked 15 hours or more as unpaid workers in an enterprise operated by a member of their family, or (b) were not working but who had jobs from which they were temporarily absent because of vacation, illness, bad weather, childcare problems, maternity or paternity leave, labor-management dispute, job training, or other family or personal reasons, whether or not they were paid for the time off or were seeking other jobs. Each employed person is counted only once, even if he or she holds more than one job. Unemployed persons are all persons who had no employment during the reference week, were available for work, except for temporary illness, and had made specific efforts to find employment some time during the 4 week-period ending with the reference week. Persons who were waiting to be recalled to a job from which they had been laid off need not have been looking for work to be classified as unemployed. For more details, see the release's <a href=https://www.bls.gov/lau/laufaq.htm>frequently asked questions</a>.
Intermediate inputs intensity is the ratio of the amount of intermediate inputs used relative to the amount of labor hours used to produce output of goods and services.
Intermediate inputs productivity is the efficiency at which intermediate inputs are used in the production of goods and services, measured as output produced per unit of intermediate purchases. Intermediate inputs are the goods and services (including energy, raw materials, semi-finished goods, and services that are purchased from all sources) that are used in the production process to produce other goods or services rather than for final consumption.
Intermediate inputs productivity is the efficiency at which intermediate inputs are used in the production of goods and services, measured as output produced per unit of intermediate purchases. Intermediate inputs are the goods and services (including energy, raw materials, semi-finished goods, and services that are purchased from all sources) that are used in the production process to produce other goods or services rather than for final consumption.
Intermediate inputs intensity is the ratio of the amount of intermediate inputs used relative to the amount of labor hours used to produce output of goods and services.
Intermediate inputs productivity is the efficiency at which intermediate inputs are used in the production of goods and services, measured as output produced per unit of intermediate purchases. Intermediate inputs are the goods and services (including energy, raw materials, semi-finished goods, and services that are purchased from all sources) that are used in the production process to produce other goods or services rather than for final consumption.
An implicit combined inputs deflator is an index of the change over time in the cost to utilize units of inputs to produce goods and services relative to a base period.
An output deflator is an index of the change over time in the price of sectoral output relative to a base period.
Output per worker is ratio of the amount of goods and services produced relative to the number of workers who produced that output for a given period of time.
Output per worker is ratio of the amount of goods and services produced relative to the number of workers who produced that output for a given period of time.