Manufacturing multifactor productivity in 2006
May 02, 2008
Multifactor productivity in the manufacturing sector rose 1.6 percent in 2006.
This is the fifth consecutive year that multifactor productivity rose in manufacturing.
The 2006 multifactor productivity gain reflected a 1.8-percent increase in sectoral output and a 0.3-percent increase in combined inputs.
Multifactor productivity is designed to measure the joint influences on economic growth of technological change, efficiency improvements, returns to scale, reallocation of resources, and other factors, allowing for the effects of capital, labor and, in the case of the manufacturing sector, intermediate inputs (energy, materials, purchased business services).
These data are from the BLS Multifactor Productivity program. Productivity data are subject to revision. To learn more, see "Multifactor Productivity Trends in Manufacturing, 2006," news release USDL 08-0587.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Manufacturing multifactor productivity in 2006 on the Internet at http://www.bls.gov/opub/ted/2008/apr/wk4/art05.htm (visited January 28, 2015).
Three recent editions of Spotlight on Statistics
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.