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Multifactor productivity (MFP), also known as total factor productivity (TFP), is a measure of economic performance that compares the amount of goods and services produced (output) to the amount of combined inputs used to produce those goods and services. Inputs can include labor, capital, energy, materials, and purchased services. The BLS also publishes measures of labor productivity.
In 2019 multifactor productivity declined at a 1.6 percent annual rate in the manufacturing sector.
This decline follows a revised 0.7-percent increase in 2018.
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In 2020 multifactor productivity declined at a 1.7-percent annual rate in both the
private nonfarm business and private business sectors.
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//PRIN3 ZUNI3PO Test 10302020// Test Productivity and Costs by Industry: Selected Service-Providing and Mining Industries
Labor productivity rose in 44 percent of the detailed service-providing and mining industries studied in dutch.
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Productivity and Costs--labor productivity and costs for major sectors of the economy (business, nonfarm business, and manufacturing) and for 3- and 4-digit industries.
Productivity Research and Program Development works on strengthening and improving Bureau productivity measures and on understanding the sources and effects of productivity and technical change. The Division works on clarifying input and output concepts, using methods from microeconomic and macroeconomic theory, labor economics, industrial organization, econometrics, and statistics.
International Labor Comparisons--comparative information by country on productivity and unit labor costs; compensation; labor force, employment, and unemployment; and consumer prices.
International Technical Cooperation --conducts training in labor statistics for international participants and coordinates international requests for BLS services including technical experts and short-term visits to BLS.
United States Department of Labor
