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Title: Labor Productivity
Originator:
Department/Agency Name:
Department Of Labor
Major Organizational
Subdivision: Bureau of Labor Statistics
Minor Organizational
Subdivision: Office of Productivity and Technology
Name of Unit: Division
of Productivity Research
Access Constraints: None. Approved
for Public Release
Use Constraints: The index numbers
published by BLS are rounded to one decimal point for convenience. Sometimes
rates of change computed using rounded indexes will differ from those computed
from the underlying source data. Also, the quarter-to-quarter percent changes
are reported at an annual rate. Consequently, differences of several tenths of
a percentage point may occur between rates of change computed from the BLS
published index numbers compared to those computed from the BLS source data.
Abstract: Productivity is a measure of economic efficiency
which shows how effectively economic inputs are converted into output.
Productivity is measured by comparing the amount of goods and services produced
with the inputs which were used in production. Labor productivity is the ratio
of the output of goods and services to the labor hours devoted to the
production of that output.
Purpose: The Productivity program
has evolved over the years, stimulated by changes in data availability, by new
developments in the economics literature, and also by the needs of data users.
The program’s first major activity was the publication of industry
measures. Following the development of the National Income and Product Accounts
(NIPA) at the U.S. Department of Commerce, the BLS introduced productivity
measures for the aggregate U.S. economy. More recently, the agency has
developed measures of multifactor productivity (MFP).
Agency
Program: 29 U.S.C. 1, 2b Statutory Requirement Met by the Program: The
Bureau of Labor Statistics of the United States Department of Labor is
authorized and directed to make continuing studies of productivity and labor
costs in the manufacturing, mining, and transportation, distribution, and other
industries (29 U.S.C. 2b).
Local Subject Terms:
- Economic efficiency
- Inputs
- Outputs
- Production
- Goods and services
- Labor hours
- Labor costs
- Labor compensation
- Productivity and costs
- US Federal GILS
Availability:
Distributor:
Name:
Office of Publications and Special Studies
Organization:
Bureau of Labor Statistics
Street
Address: 2 Massachusetts Avenue, NE Room 2860
City:
Washington
State:
DC
Zip
Code: 20212
Country:
USA
Network
Address: blsdata_staff@bls.gov
Hours
of Service: 8:30 a.m. – 4:30 p.m. ET
Telephone:
(202) 691-5200
Fax:
(202) 691-7890
Order Process: website
Linkage:
http://stats.bls.gov
Linkage Type: text/html
Point of Contact:
Name: Office of
Publications and Special Studies
Organization: Bureau of
Labor Statistics
Street
Address: 2 Massachusetts Avenue, NE Room 2860
City: Washington
State: DC
Zip Code: 20212
Country: USA
Network Address:
blsdata_staff@bls.gov
Hours of Service: 8:30
a.m. – 4:30 p.m. ET
Telephone: (202)
691-5200
Fax:
(202) 691-7890
Sources of Data:
Department/Agency Name:
Department Of Labor
Major Organizational
Subdivision: Bureau of Labor Statistics
Minor Organizational
Subdivision: Office of Productivity and Technology
Name of Unit: Division
of Productivity Research
Record Source:
Name: Office of
Publications and Special Studies
Organization: Bureau of
Labor Statistics
Street
Address: 2 Massachusetts Avenue, NE Room 2860
City: Washington
State: DC
Zip Code: 20212
Country: USA
Network Address:
blsdata_staff@bls.gov
Hours of Service: 8:30
a.m. – 4:30 p.m. ET
Telephone: (202)
691-5200
Fax:
(202) 691-7890
Date of Last Modification: 20000908
Control Identifier: DOL-BLS-000162
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