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.
For Your Information
Beginning with the July 12, 2017 Multifactor Productivity Trends in Manufacturing news release, BLS will incorporate improved methodology for calculating intra-industry transfers used in sectoral output measures. See www.bls.gov/mfp/sectoraloutputrevisions.htm for more complete information.
Multifactor productivity tables that present KLEMS multifactor industry measures for nonmanufacturing sectors and nonmanufacturing industries through 2015 were updated July 12, 2017. For additional information concerning data sources and methods of measuring nonmanufacturing KLEMS multifactor productivity see "Nonmanufacturing industry contributions to multifactor productivity, 1987-2006" (PDF)
Total economy production account tables are now available that present total economy measures through 2015. Additionally, non-profit, owner-occupied and government detailed capital measures are now available through 2015 by NIPA-level industry. For additional information concerning data sources and methods of measuring the total economy see "Integrated GDP-Productivity Accounts," (PDF)
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In 2015 multifactor productivity in manufacturing decreased 2.8 percent,
durable manufacturing decreased 2.4 percent, and nondurable manufacturing
decreased 2.7 percent. The multifactor productivity decline in manufacturing
was the largest since 2012.
In 2016 multifactor productivity decreased at a 0.2 percent annual rate in the
private nonfarm business sector and 0.1 percent in the private business sector.
In both sectors, multifactor productivity declined for the first time since
Multifactor productivity rose in 21 of the 86 4-digit NAICS manufacturing industries in 2015,
down from 42 of the industries in 2014. Among transportation industries, multifactor productivity
increased in air transportation and decreased in line-haul railroads.
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.