Correction of Errors in Productivity Measures for 2013–16

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.

Data series affected by correction
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.

  • Multifactor Productivity Trends — 2016 (HTML) (PDF)
  • Multifactor Productivity Trends — 2014 (HTML) (PDF)
  • Multifactor Productivity Trends — 2013 (HTML) (PDF)
Table B. Average annual growth rates in labor productivity and the contributions of capital intensity, labor composition, and multifactor productivity to labor productivity in the private nonfarm business and private business sectors for selected periods, 1987–2016
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