Overview of BLS Productivity StatisticsProductivity and related cost measures are designed for use in economic analysis and public and private policy planning. The data are used to forecast and analyze changes in prices, wages, and technology. There are two primary types of productivity statistics:
BLS productivity measures: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 over 400 selected industries in manufacturing, mining, utilities, wholesale and retail trade, and services. Multifactor productivity statistics are available for the U.S. business sector, the nonfarm business sector, the manufacturing sector, and 18 groups of manufacturing industries, 86 detailed manufacturing industries, railroad transportation, air transportation, 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. Productivity Research & Program Development The Division of Productivity Research and Program Development (DPRPD) conducts research to strengthen and improve existing productivity measurement concepts and techniques and understand the sources and effects of productivity and technological change on the economy.
Last Modified Date: February 25, 2009 |
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