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Article: The accuracy of the BLS productivity measures.(Bureau of Labor Statistics)
- Article from:
- Monthly Labor Review
- Article date:
- February 1, 1999
- Author:
CopyrightCOPYRIGHT 1999 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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Overall productivity growth may be somewhat underestimated; despite continued progress, measurement and conceptual barriers remain
The Bureau of Labor Statistics has made sustained efforts to improve its productivity measures. The goals of these efforts have been to enhance the reliability of the measures; to facilitate analysis of economic performance; and to provide useful information to the public.(1) The BLS clearly recognizes that, despite the beneficial results of its program, there is room for further improvement.
In the past several years, some have voiced concerns about the accuracy of the trends in the BLS productivity series, mainly to suggest ...