Multifactor productivity in manufacturing industries, 2010
July 05, 2012
In 2010, manufacturing sector multifactor productivity—defined as output per unit of combined inputs—increased at an annual rate of 7.5 percent. This was the largest increase recorded in the series, which began in 1987.
Durable manufacturing sector multifactor productivity increased 12.7 percent in 2010, following a decline of 4.7 percent in 2009. This was the largest increase recorded in the series.
Nondurable manufacturing sector multifactor productivity increased 2.7 percent in 2010, following a 0.9-percent decrease in 2009. The gain in 2010 was the largest increase since 2003.
In 2010, 14 out of 18 manufacturing industries exhibited increases in multifactor productivity. Only four manufacturing industries exhibited a decrease in multifactor productivity in 2010: textile mills and textile product mills, paper products, primary metals, and electrical equipment, appliances, and components.
These data are from the Multifactor Productivity program. To learn more, see "Multifactor Productivity Trends in Manufacturing — 2010" (HTML) (PDF), news release USDL-12-1288. 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 intermediate inputs (energy, materials, purchased business services).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Multifactor productivity in manufacturing industries, 2010 on the Internet at http://www.bls.gov/opub/ted/2012/ted_20120705.htm (visited June 01, 2016).
Recent editions of Spotlight on Statistics
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.