For release 10:00 a.m. (ET) Tuesday, November 21, 2023 USDL-23-2474
Technical information: (202) 691-5606 • productivity@bls.gov •
www.bls.gov/productivity
Media contact: (202) 691-5902 • PressOffice@bls.gov
TOTAL FACTOR PRODUCTIVITY FOR MAJOR INDUSTRIES – 2022
Total factor productivity (TFP) increased in 9 out of 21 major industries in
2022, the U.S. Bureau of Labor Statistics (BLS) reported today, led by
service providing industries. Many of the TFP increases in 2022 were driven
by strong output growth outpacing increases in the combined inputs of
capital, labor, energy, materials, and services.
Output increased in 17 of 21 major industries in 2022. Over the longer
2019-22 time period, 13 of the 21 industries had positive or no output growth.
This illustrates that output in the remaining 8 industries is still below
pre-COVID-19 pandemic levels. (See tables 1 and 3.)
Combined inputs increased in 19 of the 21 industries in 2022.
All goods producing industries experienced combined input growth greater
than output growth, leading to declining TFP for these industries.
(See table 1.) Over the 2019-22 time period, labor input has grown in 14
of 21 industries, demonstrating that these industries have recovered labor
losses from 2020.
------------------------------------------------------------------------------
| 2017 NAICS Reclassification |
|All industry series have been updated to reflect industry definitions |
|consistent with the 2017 North American Industry Classification |
|System (NAICS). All indexes are rebased to 2017=100 to reflect the new |
|definitions. |
------------------------------------------------------------------------------
Total factor productivity is defined as output per unit of combined inputs.
TFP shows the relationship between changes in real sectoral output and changes
in the combined inputs of capital input (K), labor input (L), and intermediate
inputs (energy (E), materials (M), and services (S)) used in production of
final goods and services. It reflects economic growth that is not due to
growth in measured KLEMS inputs, including technological change,
organizational changes in the production process, and other
efficiency improvements.
Total factor productivity and KLEMS as sources of labor productivity growth
As the economy continued to rebuild after the COVID-19 pandemic, the growth
of output was outpaced by growth in hours worked, leading to declines in
labor productivity for 12 of the 21 industries measured in 2022. (See table 5.)
Labor productivity can be expressed as the sum of six components:
total factor productivity growth (TFP), contribution of capital intensity,
contribution of labor composition, contribution of energy intensity,
contribution of materials intensity, and the contribution of services
intensity. The contribution of each KLEMS input is defined as the ratio
of the services provided by that input to hours worked in the production
process, weighted by its share of sectoral output. Examining input
contributions and TFP changes reveals the substitution effect of increased
use of an input relative to labor on an industry’s labor productivity.
(See table 5.)
Of the 9 industries with labor productivity growth in 2022,
TFP was the largest contributor to labor productivity growth in 5
industries, with services intensity being the largest contributor
for the remaining 4 industries. Capital intensity fell in 12 of the
21 industries measured, as hours growth outpaced capital input growth.
Management of companies labor productivity grew 7.7 percent in 2022, the
largest growth of the industries measured, due to the large TFP contribution
of 6.0 percentage points.
TFP and input contributions to output
The nation's private business sector output growth can be viewed as the sum
of three components: total factor productivity, contribution of capital input,
and contribution of labor input. The drivers of output growth for the private
business sector in 2022 were labor input, which contributed 2.4 percentage
points to output growth and capital input with a 1.1-percentage point
contribution. Total factor productivity was a drag on output growth with a
negative contribution of 2.2 percentage points.
Productivity growth is often viewed as a long run measure, especially when
an economic shock like the COVID-19 pandemic happens. While TFP growth and
contributions of capital and labor have been volatile over the last 3 years,
the current business cycle of 2019-22 shows similar contributions to the
previous 2007-19 business cycle.
The private business sector can be divided into four broad sectors:
goods producing; information and communication technology (ICT); finance,
insurance, and real estate (FIRE); and service providing. Looking at these
sectors provides further insights on how different sectors of the economy
contribute to output. (See footnotes after table 7 for industry makeup
of each sector.)
TFP’s contribution to output
The negative total factor productivity contribution to output for the
private business sector in 2022 was widespread, with 3 of 4 sectors
experiencing negative contributions. The goods producing sector accounted
for the majority of the decline in private business TFP with a negative
contribution of 1.3 percentage points. Within the goods producing sector,
the construction (-0.6 percentage point) and oil and gas extraction
(-0.4 point) industries were the primary contributors. These two industries
led the goods producing sector’s contribution in the 2019-22 business cycle
(-0.3 percentage point), as manufacturing became a positive contributor to
the nation’s TFP growth due to positive contributions from nondurable
manufacturing compared to the 2007-19 period. (See tables 6 through 10.)
Labor’s contribution to output
In 2022, labor input positively contributed to private business sector
output within all four aggregated sectors. The service providing sector
had the largest positive contribution in 2022 (1.5 percentage points),
led by professional, scientific, and technical services (0.3 percentage point)
and accommodation and food services (0.3 percentage point). Of note is labor
input of the service providing sector being the leading contributor to the
aggregate output growth for both 2021 and 2022. The service providing
sector recovered in 2021 from the effects of the COVID-19 pandemic and
contributed 1.9 percentage points to output in 2021 and continues to have
positive contribution in 2022. The two most recent business cycles saw
similar positive contributions in 3 of 4 sectors.
(See tables 6 through 10.)
Capital’s contribution to output
Capital input’s positive contribution in 2020, 2021, and 2022 reflects
the stability of capital stock after downturns. All sectors experienced
positive capital contributions to output growth in 2022
(1.1 percentage point). The service providing sector was the largest
positive contribution (0.4 percentage point), led by wholesale trade
(0.1 percentage point) and retail trade (0.1 percentage point)
industries.
Capital continues to have similar positive contributions for the last
3 years and the two most recent business cycles. (See tables 6 through 10.)
The ICT sector increased its contribution of capital to output from 0.2
percentage point in the 2007-19 business cycle to 0.3 percentage point
in the 2019-22 business cycle primarily driven by the data processing,
internet publishing, and other information services industry, which grew
from 0.09 percentage point to 0.14 percentage point.
Technical Notes
Goods producing sector
This sector contains industries within agriculture, forestry, fishery, and
hunting (NAICS 11), mining (NAICS 21), utilities (NAICS 22), construction
(NAICS 23), and manufacturing (NAICS 31-33) except computer and electronic
products (NAICS 334).
Information and communications technology (ICT) sector
Information and communication technology (ICT) contains the following
industries: computer and electronic products (NAICS 334), broadcasting and
telecommunications (NAICS 515,517), data processing, internet publishing,
and other information services (NAICS 518,519) and computer systems design
and related services (NAICS 5415). This definition is generally comparable
to that used by the Organization for Economic Cooperation and Development
(OECD), which defines the ICT sector using the International Standard
Industrial Classification (ISIC) (OECD 2011).
FIRE sector
The finance, insurance, and real estate (FIRE) sector contains industries
within finance and insurance (NAICS 52) and real estate and rental and
leasing (NAICS 53).
Service providing sector
This sector contains industries within trade (NAICS 42,44-45), transportation
and warehousing (NAICS 48-49), publishing, except internet (includes software)
(NAICS 511) and motion picture and sound recording (NAICS 512), and industries
within services (NAICS 54-81) except computer systems design and related
services (NAICS 5415).
Capital input
Data on investment for fixed assets are obtained from BEA. Data on inventories
are estimated using data from BEA and additional information from IRS
Corporation Income Returns. Data for land in the farm industry are obtained
from USDA. Nonfarm industry detail for land is based on IRS book value data.
Current-dollar value-added data, obtained from BEA, are used in estimating
capital rental prices.
Labor input
Hours at work data reflect Productivity and Costs data as of the
November 3, 2023 “Productivity and Costs” news release (USDL-23-2317).
Labor input is obtained by chained superlative Tornqvist aggregation of the
hours at work, classified by age, education, and gender with weights
determined by each group’s share of total wages.The growth rate of labor
composition is defined as the difference between the growth rate of weighted
labor input and the growth rate of the hours.
Energy, materials, and services
Data on energy, materials, and services are obtained from
BEA based on BEA annual input-output tables. Tornqvist indexes of each of
these three input classes are derived at the NAICS industry level and then
aggregated to the industries. Materials inputs are adjusted to exclude
transactions between establishments within the same industry for goods
producing industries. Services are adjusted to exclude
transactions between establishments within the same industry for all
non-goods producing industries.
Sectoral output
The output concept used to measure total factor productivity for industries
is “sectoral output”. Sectoral output equals gross output (sales, receipts,
and other operating income, plus commodity taxes plus changes in inventories),
excluding transactions between establishments within the same industry.
2022 manufacturing output measures are estimated based on historical
relationships between BLS industrial output, BLS price indexes, and data
on industrial production from the Federal Reserve Board. For select service
providing industries, output measures are estimated using data from the
Quarterly Services Survey from the Census Bureau. For all other
nonmanufacturing industries, sectoral output is based on indexes of real
quantity and cost measures from the BEA. Data sources by industry for can
be found at www.bls.gov/opub/hom/msp/data.htm.
Other information
Detailed information on methods used in this release can be found in
the BLS Handbook of Methods Productivity Measures: Business Sector and
Major Sector section at www.bls.gov/opub/hom/msp/home.htm.
Comprehensive tables containing more detailed data than that which is
published in this news release are available upon request at 202-691-5606
or at www.bls.gov/productivity/tables. Industry specific contributions to
output are available at www.bls.gov/productivity/highlights/contributions-of-
total-factor-productivity-major-industry-to-output.htm.
If you are deaf, hard of hearing, or have a speech disability, please dial
7-1-1 to access telecommunications relay services.
Table 1. Total factor productivity and related data, 2022 | Industry | 2017 NAICS Code | Percent Change |
|---|
| TFP | Output | Combined Inputs | Capital Input | Labor Input | Intermediate Inputs[1] |
|---|
Agriculture, forestry, fishing, and hunting | 11 | -6.1 | -9.4 | -3.5 | 4.2 | -2.1 | -12.8 |
|---|
Mining | 21 | -8.8 | 8.0 | 18.3 | 0.3 | 12.5 | 46.6 |
|---|
Utilities | 22 | -2.8 | 3.5 | 6.6 | 3.1 | 1.1 | 12.1 |
|---|
Construction | 23 | -5.0 | -6.3 | -1.4 | 0.1 | 3.8 | -5.8 |
|---|
Manufacturing | 31-33 | -1.4 | 1.3 | 2.7 | 1.7 | 4.4 | 2.4 |
|---|
Durable manufacturing | 321,327,33 | -0.4 | 2.5 | 3.0 | 1.3 | 4.6 | 2.6 |
|---|
Nondurable manufacturing | 31,322-326 | -1.9 | 0.1 | 2.0 | 2.0 | 4.1 | 1.5 |
|---|
Wholesale trade | 42 | -4.1 | -0.2 | 4.1 | 4.0 | 3.0 | 4.7 |
|---|
Retail trade | 44,45 | -3.9 | 0.1 | 4.2 | 3.6 | -0.3 | 8.2 |
|---|
Transportation and warehousing | 48-49 | -2.8 | 5.1 | 8.2 | 0.9 | 7.7 | 13.6 |
|---|
Information | 51 | 0.3 | 6.6 | 6.2 | 6.4 | 5.8 | 6.3 |
|---|
Finance and insurance | 52 | -3.0 | -2.8 | 0.2 | 3.6 | 1.8 | -6.5 |
|---|
Real estate and rental and leasing | 53 | 1.2 | 1.4 | 0.2 | 0.7 | 4.9 | -0.9 |
|---|
Professional and technical services | 54 | 1.0 | 6.8 | 5.8 | 7.4 | 5.1 | 6.6 |
|---|
Management of companies | 55 | 6.0 | 8.7 | 2.6 | 0.2 | 0.7 | 6.1 |
|---|
Admin and waste services | 56 | 1.3 | 7.1 | 5.7 | 2.5 | 5.5 | 6.6 |
|---|
Educational services | 61 | 3.1 | 9.1 | 5.9 | 1.6 | 4.2 | 8.1 |
|---|
Health care and social assistance | 62 | 0.4 | 2.8 | 2.4 | 3.3 | 2.6 | 1.9 |
|---|
Arts, entertainment, and recreation | 71 | 8.1 | 22.4 | 13.3 | 1.8 | 15.1 | 17.1 |
|---|
Accommodation and food services | 72 | 0.1 | 8.5 | 8.3 | 0.3 | 10.4 | 10.3 |
|---|
Other services, except government | 81 | -1.7 | 2.9 | 4.7 | 2.5 | 7.4 | 2.1 |
|---|
Table 2. Total factor productivity intermediate inputs, 2022 | Industry | 2017 NAICS Code | Percent Change |
|---|
| Energy Input | Materials Input | Services Input |
|---|
Agriculture, forestry, fishing, and hunting | 11 | -26.8 | -13.9 | -6.6 |
|---|
Mining | 21 | 42.9 | 31.2 | 55.0 |
|---|
Utilities | 22 | -3.0 | -11.1 | 40.5 |
|---|
Construction | 23 | -13.7 | -7.7 | 4.7 |
|---|
Manufacturing | 31-33 | 9.2 | 0.6 | 6.5 |
|---|
Durable manufacturing | 321,327,33 | 2.5 | 1.1 | 6.7 |
|---|
Nondurable manufacturing | 31,322-326 | 12.2 | 0.3 | 4.9 |
|---|
Wholesale trade | 42 | -3.1 | 1.7 | 5.2 |
|---|
Retail trade | 44,45 | 0.6 | 3.5 | 9.5 |
|---|
Transportation and warehousing | 48-49 | 11.6 | 0.1 | 17.2 |
|---|
Information | 51 | -4.0 | 0.2 | 8.1 |
|---|
Finance and insurance | 52 | -21.9 | -19.2 | -5.5 |
|---|
Real estate and rental and leasing | 53 | 0.9 | 3.5 | -1.3 |
|---|
Professional and technical services | 54 | -8.7 | 2.9 | 8.2 |
|---|
Management of companies | 55 | -6.6 | 10.4 | 6.2 |
|---|
Admin and waste services | 56 | -7.0 | -1.7 | 9.8 |
|---|
Educational services | 61 | 1.4 | -4.2 | 11.3 |
|---|
Health care and social assistance | 62 | -9.1 | 4.5 | 1.3 |
|---|
Arts, entertainment, and recreation | 71 | 10.0 | 20.1 | 17.0 |
|---|
Accommodation and food services | 72 | 4.9 | 3.2 | 14.6 |
|---|
Other services, except government | 81 | 4.5 | -6.1 | 6.7 |
|---|
Table 3. Total factor productivity and related data, 2019-22 | Industry | 2017 NAICS Code | Annual Percent Change |
|---|
| TFP | Output | Combined Inputs | Capital Input | Labor Input | Intermediate Inputs[1] |
|---|
Agriculture, forestry, fishing, and hunting | 11 | -1.3 | -0.9 | 0.3 | 2.7 | -1.4 | -2.0 |
|---|
Mining | 21 | -3.3 | -2.2 | 1.1 | -0.2 | -6.1 | 7.7 |
|---|
Utilities | 22 | -0.8 | 0.7 | 1.5 | 3.0 | 0.5 | 0.6 |
|---|
Construction | 23 | -1.4 | -1.1 | 0.3 | 1.0 | 0.5 | 0.2 |
|---|
Manufacturing | 31-33 | 0.0 | -0.4 | -0.4 | 1.7 | 0.5 | -2.3 |
|---|
Durable manufacturing | 321,327,33 | -0.3 | -0.8 | -0.4 | 1.1 | -0.1 | -1.6 |
|---|
Nondurable manufacturing | 31,322-326 | 0.5 | -0.2 | -0.7 | 2.2 | 1.6 | -2.6 |
|---|
Wholesale trade | 42 | -1.4 | 1.8 | 3.2 | 1.8 | 0.0 | 6.0 |
|---|
Retail trade | 44,45 | -2.1 | 2.7 | 4.9 | 2.8 | -0.4 | 10.9 |
|---|
Transportation and warehousing | 48-49 | -1.7 | 0.0 | 1.7 | 1.1 | 5.0 | -1.5 |
|---|
Information | 51 | 2.2 | 7.3 | 4.9 | 5.7 | 2.7 | 5.8 |
|---|
Finance and insurance | 52 | -0.7 | 0.3 | 0.9 | 4.0 | 1.3 | -3.2 |
|---|
Real estate and rental and leasing | 53 | 1.4 | 2.3 | 0.9 | 0.7 | 1.6 | 0.9 |
|---|
Professional and technical services | 54 | 2.3 | 6.0 | 3.6 | 6.8 | 2.3 | 5.2 |
|---|
Management of companies | 55 | 4.1 | 6.1 | 1.9 | 0.4 | 1.0 | 3.8 |
|---|
Admin and waste services | 56 | 1.2 | 4.0 | 2.7 | 3.5 | 1.9 | 3.6 |
|---|
Educational services | 61 | -0.9 | -2.1 | -1.2 | 1.2 | -0.8 | -2.1 |
|---|
Health care and social assistance | 62 | 0.0 | 1.3 | 1.3 | 2.7 | 1.4 | 0.8 |
|---|
Arts, entertainment, and recreation | 71 | 1.4 | 2.5 | 1.1 | 1.3 | 0.2 | 2.0 |
|---|
Accommodation and food services | 72 | 1.3 | 1.9 | 0.5 | 0.8 | -1.9 | 3.9 |
|---|
Other services, except government | 81 | -0.9 | -0.3 | 0.6 | 2.2 | 0.3 | 0.9 |
|---|
Table 4. Total factor productivity intermediate inputs, 2019-22 | Industry | 2017 NAICS Code | Annual Percent Change |
|---|
| Energy Input | Materials Input | Services Input |
|---|
Agriculture, forestry, fishing, and hunting | 11 | -13.1 | 0.8 | -1.5 |
|---|
Mining | 21 | 5.7 | 8.0 | 8.1 |
|---|
Utilities | 22 | 0.0 | -1.0 | 3.0 |
|---|
Construction | 23 | -4.7 | -1.1 | 6.7 |
|---|
Manufacturing | 31-33 | -3.1 | -2.2 | -2.1 |
|---|
Durable manufacturing | 321,327,33 | -3.8 | -1.5 | -1.3 |
|---|
Nondurable manufacturing | 31,322-326 | -3.0 | -2.3 | -3.6 |
|---|
Wholesale trade | 42 | 3.1 | 7.2 | 6.0 |
|---|
Retail trade | 44,45 | 7.7 | 6.3 | 11.8 |
|---|
Transportation and warehousing | 48-49 | -3.4 | -3.9 | -0.4 |
|---|
Information | 51 | 9.2 | 3.6 | 6.2 |
|---|
Finance and insurance | 52 | -14.8 | -5.2 | -2.7 |
|---|
Real estate and rental and leasing | 53 | -9.1 | -0.2 | 1.4 |
|---|
Professional and technical services | 54 | 1.2 | 7.4 | 4.7 |
|---|
Management of companies | 55 | -1.8 | 10.4 | 3.4 |
|---|
Admin and waste services | 56 | -0.7 | 0.6 | 4.7 |
|---|
Educational services | 61 | -11.0 | -5.9 | -0.8 |
|---|
Health care and social assistance | 62 | -5.6 | 3.7 | -0.2 |
|---|
Arts, entertainment, and recreation | 71 | -0.1 | -4.8 | 3.3 |
|---|
Accommodation and food services | 72 | 1.2 | -0.7 | 6.5 |
|---|
Other services, except government | 81 | 1.1 | -0.9 | 1.9 |
|---|
Table 5. Sources of labor productivity, 2022 | Industry | 2017 NAICS Code | Percent Change | Percentage Point |
|---|
| Labor Productivity | TFP | Capital Intensity | Labor Composition | Energy Intensity | Materials Intensity | Services Intensity |
|---|
Agriculture, forestry, fishing, and hunting | 11 | -7.4 | -6.1 | 3.0 | 0.0 | -1.3 | -2.3 | -0.7 |
|---|
Mining | 21 | -3.9 | -8.8 | -5.3 | 0.0 | 1.1 | 1.7 | 8.1 |
|---|
Utilities | 22 | 1.9 | -2.8 | 0.6 | -0.1 | -1.0 | -0.3 | 5.8 |
|---|
Construction | 23 | -9.4 | -5.0 | -0.4 | 0.1 | -0.4 | -4.1 | 0.1 |
|---|
Manufacturing | 31-33 | -2.8 | -1.4 | -0.6 | 0.1 | 0.1 | -1.2 | 0.3 |
|---|
Durable manufacturing | 321,327,33 | -2.1 | -0.4 | -0.7 | 0.0 | 0.0 | -1.1 | 0.2 |
|---|
Nondurable manufacturing | 31,322-326 | -3.2 | -1.9 | -0.3 | 0.1 | 0.2 | -1.4 | 0.1 |
|---|
Wholesale trade | 42 | -3.0 | -4.1 | 0.2 | 0.0 | -0.1 | 0.0 | 1.0 |
|---|
Retail trade | 44,45 | 1.0 | -3.9 | 0.9 | 0.2 | 0.0 | 0.2 | 3.7 |
|---|
Transportation and warehousing | 48-49 | -2.2 | -2.8 | -1.4 | 0.1 | 0.3 | -0.3 | 1.9 |
|---|
Information | 51 | 0.9 | 0.3 | 0.3 | 0.0 | -0.1 | -0.3 | 0.7 |
|---|
Finance and insurance | 52 | -3.8 | -3.0 | 0.8 | 0.3 | -0.2 | -0.2 | -1.6 |
|---|
Real estate and rental and leasing | 53 | -3.8 | 1.2 | -1.7 | 0.0 | -0.1 | -0.1 | -3.1 |
|---|
Professional and technical services | 54 | 1.6 | 1.0 | 0.2 | 0.0 | -0.1 | -0.1 | 0.6 |
|---|
Management of companies | 55 | 7.7 | 6.0 | 0.0 | -0.1 | -0.1 | 0.3 | 1.6 |
|---|
Admin and waste services | 56 | 2.6 | 1.3 | -0.2 | 0.6 | -0.1 | -0.5 | 1.5 |
|---|
Educational services | 61 | 4.4 | 3.1 | -0.4 | -0.1 | -0.1 | -0.8 | 2.6 |
|---|
Health care and social assistance | 62 | 0.8 | 0.4 | 0.2 | 0.2 | -0.1 | 0.3 | -0.2 |
|---|
Arts, entertainment, and recreation | 71 | 7.1 | 8.1 | -2.2 | 0.3 | -0.1 | 0.3 | 0.9 |
|---|
Accommodation and food services | 72 | -1.1 | 0.1 | -1.7 | 0.3 | -0.1 | -0.7 | 1.0 |
|---|
Other services, except government | 81 | -4.1 | -1.7 | -0.3 | 0.0 | 0.0 | -2.0 | -0.2 |
|---|
Table 6. Industry contributions[1] to private business output by component, 2020 | Industry | 2017 NAICS Code | Percentage Point |
|---|
| TFP | Capital | Labor |
|---|
Goods producing sector | 11-33 | 0.10 | 0.19 | -0.78 |
|---|
Agriculture, Forestry, Fishery, and hunting | 11 | 0.03 | 0.00 | -0.01 |
|---|
Mining | 21 | 0.16 | 0.00 | -0.12 |
|---|
Utilities | 22 | 0.12 | 0.04 | 0.00 |
|---|
Construction | 23 | 0.06 | 0.04 | -0.27 |
|---|
Manufacturing | 31-33 | -0.27 | 0.12 | -0.38 |
|---|
Durable Manufacturing[2] | 321,327,33 | -0.33 | 0.03 | -0.32 |
|---|
Nondurable Manufacturing | 31,322-326 | 0.06 | 0.09 | -0.05 |
|---|
ICT[3] | 51x | 0.19 | 0.23 | -0.07 |
|---|
FIRE | 52-53 | -0.21 | 0.26 | 0.02 |
|---|
Finance and insurance | 52 | -0.17 | 0.21 | 0.11 |
|---|
Real estate and rental and leasing | 53 | -0.04 | 0.05 | -0.09 |
|---|
Services | 42-49,54-81 | -0.77 | 0.26 | -2.24 |
|---|
Wholesale trade | 42 | 0.32 | 0.02 | -0.20 |
|---|
Retail trade | 44, 45 | -0.01 | 0.05 | -0.16 |
|---|
Transportation and Warehousing | 48-49 | -0.40 | 0.02 | -0.15 |
|---|
Information[4] | 51 | 0.09 | 0.01 | -0.06 |
|---|
Professional and technical services[5] | 54 | 0.07 | 0.07 | -0.25 |
|---|
Management of companies | 55 | 0.10 | 0.00 | -0.04 |
|---|
Admin and waste services | 56 | -0.03 | 0.03 | -0.22 |
|---|
Educational services | 61 | -0.08 | 0.00 | -0.04 |
|---|
Health care and social assistance | 62 | -0.28 | 0.03 | -0.11 |
|---|
Arts, entertainment, and recreation | 71 | -0.19 | 0.00 | -0.16 |
|---|
Accommodation and food services | 72 | -0.33 | 0.01 | -0.61 |
|---|
Other services, except government | 81 | -0.03 | 0.01 | -0.26 |
|---|
Table 7. Industry contributions[1] to private business output by component, 2021 | Industry | 2017 NAICS Code | Percentage Point |
|---|
| TFP | Capital | Labor |
|---|
Goods producing sector | 11-33 | 0.28 | 0.17 | 0.30 |
|---|
Agriculture, Forestry, Fishery, and hunting | 11 | 0.03 | 0.03 | 0.00 |
|---|
Mining | 21 | -0.21 | 0.00 | -0.02 |
|---|
Utilities | 22 | -0.11 | 0.04 | 0.01 |
|---|
Construction | 23 | 0.06 | 0.00 | 0.16 |
|---|
Manufacturing | 31-33 | 0.52 | 0.10 | 0.16 |
|---|
Durable Manufacturing[2] | 321,327,33 | 0.08 | 0.02 | 0.11 |
|---|
Nondurable Manufacturing | 31,322-326 | 0.43 | 0.08 | 0.06 |
|---|
ICT[3] | 51x | 0.67 | 0.25 | 0.19 |
|---|
FIRE | 52-53 | 0.79 | 0.17 | 0.10 |
|---|
Finance and insurance | 52 | 0.30 | 0.15 | 0.04 |
|---|
Real estate and rental and leasing | 53 | 0.49 | 0.02 | 0.06 |
|---|
Services | 42-49,54-81 | 1.59 | 0.27 | 1.86 |
|---|
Wholesale trade | 42 | -0.33 | 0.03 | 0.10 |
|---|
Retail trade | 44, 45 | -0.26 | 0.07 | 0.13 |
|---|
Transportation and Warehousing | 48-49 | 0.28 | 0.01 | 0.28 |
|---|
Information[4] | 51 | 0.23 | 0.01 | 0.09 |
|---|
Professional and technical services[5] | 54 | 0.42 | 0.08 | 0.33 |
|---|
Management of companies | 55 | 0.15 | 0.00 | 0.09 |
|---|
Admin and waste services | 56 | 0.18 | 0.02 | 0.23 |
|---|
Educational services | 61 | 0.01 | 0.00 | 0.01 |
|---|
Health care and social assistance | 62 | 0.23 | 0.05 | 0.21 |
|---|
Arts, entertainment, and recreation | 71 | 0.13 | 0.00 | 0.08 |
|---|
Accommodation and food services | 72 | 0.57 | 0.01 | 0.20 |
|---|
Other services, except government | 81 | -0.01 | 0.01 | 0.13 |
|---|
Table 8. Industry contributions[1] to private business output by component, 2022 | Industry | 2017 NAICS Code | Percentage Point |
|---|
| TFP | Capital | Labor |
|---|
Goods producing sector | 11-33 | -1.30 | 0.20 | 0.45 |
|---|
Agriculture, Forestry, Fishery, and hunting | 11 | -0.15 | 0.04 | -0.01 |
|---|
Mining | 21 | -0.31 | 0.01 | 0.05 |
|---|
Utilities | 22 | -0.10 | 0.05 | 0.01 |
|---|
Construction | 23 | -0.57 | 0.00 | 0.17 |
|---|
Manufacturing | 31-33 | -0.19 | 0.10 | 0.24 |
|---|
Durable Manufacturing[2] | 321,327,33 | 0.09 | 0.03 | 0.16 |
|---|
Nondurable Manufacturing | 31,322-326 | -0.28 | 0.08 | 0.08 |
|---|
ICT[3] | 51x | 0.01 | 0.27 | 0.20 |
|---|
FIRE | 52-53 | -0.24 | 0.19 | 0.16 |
|---|
Finance and insurance | 52 | -0.40 | 0.15 | 0.10 |
|---|
Real estate and rental and leasing | 53 | 0.16 | 0.04 | 0.06 |
|---|
Services | 42-49,54-81 | -0.68 | 0.40 | 1.54 |
|---|
Wholesale trade | 42 | -0.52 | 0.11 | 0.10 |
|---|
Retail trade | 44, 45 | -0.49 | 0.09 | -0.01 |
|---|
Transportation and Warehousing | 48-49 | -0.16 | 0.01 | 0.22 |
|---|
Information[4] | 51 | -0.01 | 0.02 | 0.11 |
|---|
Professional and technical services[5] | 54 | 0.07 | 0.08 | 0.30 |
|---|
Management of companies | 55 | 0.22 | 0.00 | 0.02 |
|---|
Admin and waste services | 56 | 0.09 | 0.02 | 0.19 |
|---|
Educational services | 61 | 0.03 | 0.00 | 0.02 |
|---|
Health care and social assistance | 62 | 0.05 | 0.05 | 0.12 |
|---|
Arts, entertainment, and recreation | 71 | 0.12 | 0.01 | 0.09 |
|---|
Accommodation and food services | 72 | -0.01 | 0.00 | 0.26 |
|---|
Other services, except government | 81 | -0.07 | 0.01 | 0.13 |
|---|
Table 9. Industry contributions[1] to private business output by component, 2007-19 | Industry | 2017 NAICS Code | Percentage Point |
|---|
| TFP | Capital | Labor |
|---|
Goods producing sector | 11-33 | -0.13 | 0.21 | 0.00 |
|---|
Agriculture, Forestry, Fishery, and hunting | 11 | 0.02 | 0.00 | 0.00 |
|---|
Mining | 21 | 0.06 | 0.02 | 0.01 |
|---|
Utilities | 22 | -0.02 | 0.03 | 0.00 |
|---|
Construction | 23 | -0.05 | 0.00 | 0.00 |
|---|
Manufacturing | 31-33 | -0.15 | 0.15 | -0.02 |
|---|
Durable Manufacturing[2] | 321,327,33 | -0.04 | 0.04 | -0.01 |
|---|
Nondurable Manufacturing | 31,322-326 | -0.11 | 0.11 | 0.00 |
|---|
ICT[3] | 51x | 0.24 | 0.23 | 0.05 |
|---|
FIRE | 52-53 | 0.03 | 0.17 | 0.06 |
|---|
Finance and insurance | 52 | -0.05 | 0.10 | 0.05 |
|---|
Real estate and rental and leasing | 53 | 0.08 | 0.07 | 0.01 |
|---|
Services | 42-49,54-81 | 0.27 | 0.26 | 0.42 |
|---|
Wholesale trade | 42 | 0.02 | 0.05 | 0.01 |
|---|
Retail trade | 44, 45 | 0.09 | 0.04 | -0.01 |
|---|
Transportation and Warehousing | 48-49 | 0.00 | 0.02 | 0.04 |
|---|
Information[4] | 51 | 0.05 | 0.03 | 0.00 |
|---|
Professional and technical services[5] | 54 | 0.02 | 0.04 | 0.06 |
|---|
Management of companies | 55 | 0.01 | 0.00 | 0.06 |
|---|
Admin and waste services | 56 | 0.03 | 0.02 | 0.04 |
|---|
Educational services | 61 | 0.00 | 0.00 | 0.01 |
|---|
Health care and social assistance | 62 | 0.05 | 0.03 | 0.13 |
|---|
Arts, entertainment, and recreation | 71 | 0.02 | 0.01 | 0.01 |
|---|
Accommodation and food services | 72 | 0.01 | 0.01 | 0.05 |
|---|
Other services, except government | 81 | -0.02 | 0.00 | 0.04 |
|---|
Table 10. Industry contributions[1] to private business output by component, 2019-22 | Industry | 2017 NAICS Code | Percentage Point |
|---|
| TFP | Capital | Labor |
|---|
Goods producing sector | 11-33 | -0.31 | 0.19 | -0.01 |
|---|
Agriculture, Forestry, Fishery, and hunting | 11 | -0.03 | 0.03 | -0.01 |
|---|
Mining | 21 | -0.12 | 0.00 | -0.03 |
|---|
Utilities | 22 | -0.03 | 0.04 | 0.00 |
|---|
Construction | 23 | -0.15 | 0.01 | 0.02 |
|---|
Manufacturing | 31-33 | 0.02 | 0.10 | 0.01 |
|---|
Durable Manufacturing[2] | 321,327,33 | -0.05 | 0.03 | -0.02 |
|---|
Nondurable Manufacturing | 31,322-326 | 0.07 | 0.08 | 0.03 |
|---|
ICT[3] | 51x | 0.29 | 0.25 | 0.11 |
|---|
FIRE | 52-53 | 0.11 | 0.20 | 0.09 |
|---|
Finance and insurance | 52 | -0.09 | 0.17 | 0.08 |
|---|
Real estate and rental and leasing | 53 | 0.20 | 0.04 | 0.01 |
|---|
Services | 42-49,54-81 | 0.05 | 0.31 | 0.39 |
|---|
Wholesale trade | 42 | -0.18 | 0.05 | 0.00 |
|---|
Retail trade | 44, 45 | -0.26 | 0.07 | -0.02 |
|---|
Transportation and Warehousing | 48-49 | -0.09 | 0.02 | 0.12 |
|---|
Information[4] | 51 | 0.10 | 0.01 | 0.05 |
|---|
Professional and technical services[5] | 54 | 0.19 | 0.08 | 0.12 |
|---|
Management of companies | 55 | 0.16 | 0.00 | 0.02 |
|---|
Admin and waste services | 56 | 0.08 | 0.02 | 0.07 |
|---|
Educational services | 61 | -0.01 | 0.00 | 0.00 |
|---|
Health care and social assistance | 62 | 0.00 | 0.04 | 0.07 |
|---|
Arts, entertainment, and recreation | 71 | 0.02 | 0.00 | 0.00 |
|---|
Accommodation and food services | 72 | 0.08 | 0.01 | -0.05 |
|---|
Other services, except government | 81 | -0.04 | 0.01 | 0.00 |
|---|
United States Department of Labor
