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Article: Multifactor productivity.(Labor Month In Review)(Brief article)
- Article from:
- Monthly Labor Review
- Article date:
- September 1, 2007
CopyrightCOPYRIGHT 2007 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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Between 2004 and 2005, multifactor productivity rose in 58 of 86 specific manufacturing industries studied by the Bureau of Labor Statistics. Multifactor productivity rose by 3 percent or more in 29 industries, but declined in 28 industries in 2005. Multifactor productivity indexes relate the change in output to the change in the combination of labor, capital, and intermediate purchases consumed in producing that output. Five industries registered double-digit growth in multifactor productivity. The largest increase in multifactor productivity, 27.6 percent, occurred in the computer and peripheral ...