February 20, 2003 (The Editor’s Desk is updated each business day.) Productivity growth slower in two-thirds of newly measured service industriesIn 4 of the 6 service-sector industries for which BLS has developed new labor productivity measures, output per hour grew more slowly in 1995-2000 than in 1990-1995. The largest slowdown occurred in the prepackaged software industry, where the rate of growth in productivity declined from 20.1 percent per year in 1990-1995 to 8.6 percent per year in 1995-2000. Productivity growth also slowed in local trucking and in truck rentals and leasing. There was a decline in output per hour in public warehousing and storage in 1995-2000, following an increase in 1990-1995.
Productivity accelerated in the last half of the 1990s in advertising agencies and in the passenger car rental industry. Related TED article: |
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