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The Economics Daily
Labor productivity business cycle trends in selected service-providing industries
July 25, 2025
Labor productivity increased in 24 of 31 selected service-providing industries from 2019 to 2024. The highest annual productivity gains from 2019 to 2024 were in cable and other subscription programming (+8.8 percent per year) and travel arrangement and reservation services (+7.5 percent). The largest annual declines in productivity during this period occurred in warehousing and storage (−7.4 percent) and couriers and messengers (−5.8 percent). Full Text »
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