Technical Information About the BLS Multifactor Productivity Measures (Abstract)
The mulitfactor productivity indexes for major sectors measure the value-added output per combined unit of labor and capital input in private business and private nonfarm business. Multifactor productivity indexes for aggregate manufacturing and for 18 manufacturing industries provide measures of sector output per combined unit of capital (K) and labor (L), energy (E), materials (M), and purchased business services (S) input — KLEMS inputs.
This document describes the two sets of multifactor productivity measures that BLS publishes for the major sectors and subsectors of the U.S. economy, each using a distinct methodology. The first set includes multifactor productivity for major sectors and the second set measures multifactor productivity for total manufacturing and 18 3-digit North American Industry Classification System manufacturing industries. Each set of measures involves a comparison of output and input measures.
For more information, please see "Technical Information About the BLS Multifactor Productivity Measures" (PDF 130 KB).
Last Modified Date: September 26, 2007