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ABSTRACT

May, 1988, Vol. 111, No. 5

Recent changes in the growth of U.S. multifactor productivity

Edwin Dean
Chief, Division of Productivity Research, Bureau of Labor Statistics

Kent Kunze
Economist, Division of Productivity Research, Bureau of Labor Statistics


Since 1979, multifactor productivity growth has recovered completely only in manufacturing; for the rest of private business, growth has recovered partially, but remains below the 1948-73 trend rate.  The present article contributes to the discussion by presenting and analyzing recent Bureau of Labor Statistics measures of growth in multifactor productivity in the United States.

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