Private Nonfarm Business Sector: Total Factor Productivity

Observations

2023: 1.2

Updated: Dec 4, 2024 3:30 PM CST

Units:

Percent Change from Year Ago,

Not Seasonally Adjusted

Frequency:

Annual

Notes

Title	Release Dates

Private Nonfarm Business Sector: Multifactor Productivity	2016-05-05	2024-03-20
Private Nonfarm Business Sector: Total Factor Productivity	2024-03-21	2024-12-04

Source

U.S. Bureau of Labor Statistics	2016-05-05	2024-12-04

Release

Multifactor Productivity Trends in Manufacturing	2016-05-05	2021-11-17
Total Factor Productivity for Major Industries	2021-11-18	2024-12-04

Units

Percent Change from Year Ago	2016-05-05	2024-12-04

Frequency

Annual	2016-05-05	2024-12-04

Seasonal Adjustment

Not Seasonally Adjusted	2016-05-05	2024-12-04

Notes

Multifactor productivity is calculated by dividing an index of real output by an index of combined units of labor input and capital services. It is designed to measure the joint influences of technological change, efficiency improvements, returns to scale, reallocation of resources, and other factors of economic growth, accounting for the effects of capital and labor. The real value is the added output divided by combined inputs. For more information, please go to https://www.bls.gov/mfp/ Source Indicator: MPU4910013	2016-05-05	2024-12-04