Federal Reserve Economic Data: Your trusted data source since 1991

Private Business Sector: Labor Input (MPU4900053)

Observation:

2023: 1.2 (+ more)   Updated: Apr 1, 2024 12:40 PM CDT
2023:  1.2  
2022:  4.2  
2021:  4.8  
2020:  -5.5  
2019:  0.9  
View All

Units:

Percent Change from Year Ago,
Not Seasonally Adjusted

Frequency:

Annual

NOTES

Source: U.S. Bureau of Labor Statistics  

Release: Total Factor Productivity for Major Industries  

Units:  Percent Change from Year Ago, Not Seasonally Adjusted

Frequency:  Annual

Notes:

Labor input in private business and private nonfarm business is obtained by chained superlative Tornqvist aggregation of the hours at work by all persons, classified by age, education, and gender with weights determined by each group's share of the total wage.

For more information, please go to https://www.bls.gov/mfp/

Source Indicator: MPU4900053

Suggested Citation:

U.S. Bureau of Labor Statistics, Private Business Sector: Labor Input [MPU4900053], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MPU4900053, June 17, 2024.

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