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The U.S. Bureau of Labor Statistics identified an error in the estimates of the contribution of intellectual property products excluding research and development to labor productivity and the contribution of capital services excluding information processing equipment and intellectual property products to labor productivity. This error affects table B of the Multifactor Productivity Trends news release. The corrected Table B is shown below.
The following data series were affected and corrected on November 8, 2017.
Series ID | Sector | Measure |
---|---|---|
MPU4900172 |
Private business sector (NAICS 11-81) | Contribution of capital services excluding intellectual property products and information processing equipment intensity index |
MPU4900173 |
Private business sector (NAICS 11-81) | Contribution of capital services excluding intellectual property products and information processing equipment intensity, % change |
MPU4900202 |
Private business sector (NAICS 11-81) | Contribution of intellectual property products excluding research and development intensity index |
MPU4900203 |
Private business sector (NAICS 11-81) | Contribution of intellectual property products excluding research and development intensity, % change |
MPU4910172 |
Private nonfarm business sector (NAICS 113-81) | Contribution of capital services excluding intellectual property products and information processing equipment intensity index |
MPU4910173 |
Private nonfarm business sector (NAICS 113-81) | Contribution of capital services excluding intellectual property products and information processing equipment intensity, % change |
MPU4910202 |
Private nonfarm business sector (NAICS 113-81) | Contribution of intellectual property products excluding research and development intensity index |
MPU4910203 |
Private nonfarm business sector (NAICS 113-81) | Contribution of intellectual property products excluding research and development intensity, % change |
In addition to the database, we also identified the following publications that were affected by the error in the estimates of these series.
Sector and measure | 1987–2015 | 1987–2016(*) | 1987–90 | 1990–95 | 1995–2000 | 2000–07 | 2007–15 | 2007–16(*) | 2014–15 | 2015–16(*) |
---|---|---|---|---|---|---|---|---|---|---|
Private nonfarm business(1) |
||||||||||
Labor productivity(2) |
2.0 | 1.9 | 1.5 | 1.6 | 2.8 | 2.7 | 1.3 | 1.2 | 0.9 | 0.2 |
Contribution of capital intensity(3) |
0.8 | 0.8 | 0.6 | 0.6 | 1.2 | 1.0 | 0.5 | 0.5 | 0.1 | 0.3 |
Contribution of information processing equipment(4) |
0.3 | NA | 0.3 | 0.3 | 0.6 | 0.3 | 0.1 | NA | 0.0 | NA |
Contribution of research and development(5) |
0.1 | NA | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | NA | 0.0 | NA |
Contribution of intellectual property products excluding research and development(6) |
0.2 | NA | 0.2 | 0.2 | 0.3 | 0.2 | 0.1 | NA | 0.1 | NA |
Contribution of capital services excluding intellectual property products and information processing equipment |
0.2 | NA | 0.1 | 0.1 | 0.2 | 0.4 | 0.2 | NA | 0.0 | NA |
Contribution of labor composition(7) |
0.3 | 0.3 | 0.2 | 0.5 | 0.2 | 0.2 | 0.3 | 0.3 | 0.2 | 0.1 |
Multifactor productivity8 |
0.9 | 0.9 | 0.6 | 0.5 | 1.4 | 1.4 | 0.5 | 0.4 | 0.6 | -0.2 |
Contribution of research and development to multifactor productivity |
0.2 | NA | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | NA | 0.1 | NA |
Private business(1) |
||||||||||
Labor productivity(2) |
2.0 | 2.0 | 1.6 | 1.5 | 3.0 | 2.7 | 1.3 | 1.2 | 0.8 | 0.3 |
Contribution of capital intensity(3) |
0.8 | 0.8 | 0.7 | 0.6 | 1.2 | 1.0 | 0.5 | 0.5 | 0.0 | 0.3 |
Contribution of information processing equipment(4) |
0.3 | NA | 0.3 | 0.3 | 0.6 | 0.3 | 0.1 | NA | 0.0 | NA |
Contribution of research and development(5) |
0.1 | NA | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | NA | 0.0 | NA |
Contribution of intellectual property products excluding research and development(6) |
0.2 | NA | 0.2 | 0.2 | 0.3 | 0.2 | 0.1 | NA | 0.1 | NA |
Contribution of capital services excluding intellectual property products and information processing equipment |
0.2 | NA | 0.1 | 0.1 | 0.2 | 0.4 | 0.2 | NA | -0.1 | NA |
Contribution of labor composition(7) |
0.3 | 0.3 | 0.2 | 0.5 | 0.2 | 0.2 | 0.3 | 0.3 | 0.2 | 0.1 |
Multifactor productivity(8) |
1.0 | 0.9 | 0.7 | 0.5 | 1.6 | 1.5 | 0.5 | 0.4 | 0.5 | -0.1 |
Footnotes: (1) Excludes government enterprises. (2) Output per hour worked. (3) Capital services per hour multiplied by capital's share of current dollar costs. (4) Information processing equipment per hour multiplied by its share of current dollar costs. (5) Research and development per hour multiplied by its share of current dollar costs. (6) Software and artistic originals per hour multiplied by their share of current dollar costs. (7) Labor composition multiplied by labor's share of current dollar costs. (8) Output per combined units of labor input and capital services. (*) NA identifies where data for the most recent year are not available. |
Last modified: November 8, 2017