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Article: Drop in multifactor productivity. (Labor Month in Review).(Brief Article)
- Article from:
- Monthly Labor Review
- Article date:
- May 1, 2003
CopyrightCOPYRIGHT 2003 U.S. Bureau of Labor Statistics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Multifactor productivity--measured as output per unit of combined labor and capital inputs--fell by 1.0 percent in the private nonfarm business sector in 2001. This was the first decrease since 1991. The multifactor productivity decline in 2001 reflected a 0.1-percent decrease in output and a 1.0-percent increase in the combined inputs of capital and labor. Capital services grew by 4.1 percent, while labor input fell by 0.4 percent.
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