Categories > Population, Employment, & Labor Markets > Productivity & Costs > Nonfarm Business
Observation:
2017: 0.9 (+ more)2017: | 0.9 | |
2016: | -0.6 | |
2015: | 0.9 | |
2014: | 1.0 | |
2013: | 0.1 | |
View All |
Units:
Percent Change from Year Ago,Frequency:
AnnualData in this graph are copyrighted. Please review the copyright information in the series notes before sharing.
Source: U.S. Bureau of Labor Statistics
Release: Multifactor Productivity Trends in Manufacturing
Units: Percent Change from Year Ago, Not Seasonally Adjusted
Frequency: Annual
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 http://www.bls.gov/mfp/
Source Indicator: MPU4910013
U.S. Bureau of Labor Statistics, Private Non-Farm Business Sector: Multifactor Productivity [MPU4910013], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MPU4910013, February 18, 2019.
Are you sure you want to remove this series from the graph? This can not be undone.
Send Us Feedback
We will reply as soon as possible. If you have not received a response within two business days, please send your inquiry again or call (314) 444-3733.