Overview of BLS Productivity StatisticsProductivity measures and related cost measures are designed for use in economic analysis and public and private policy planning. The data are used in forecasting and analysis of prices, wages, and technological change. There are two primary types of productivity statistics:
BLS programs that generate productivity statistics:Data on output per hour and unit labor costs are available for the U.S. business sector, the nonfarm business sector, and the manufacturing sector. These are the productivity statistics most often cited in the news. In addition, output per hour and unit labor costs are available for specific industries, including complete coverage in manufacturing, retail trade, wholesale trade, and some data for other sectors. Multifactor productivity statistics are available for the U.S. business sector, the nonfarm business sector, the manufacturing sector, 20 groups of manufacturing industries, many specific detailed manufacturing industries, the railroad industry, and utilities. International comparisons of output per hour and unit labor costs in manufacturing are available for about a dozen countries, including the U.S. For more information on the measurement of productivity, see the BLS Handbook of Methods.
Last Modified Date: December 30, 2003 |
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