Industry | Industry contribution to private nonfarm business MFP growth, 1997–2005 | Industry contribution to private nonfarm business MFP growth, 2005–18 | Difference in contributions |
---|---|---|---|
Computer and electronic products |
0.45 | 0.10 | –0.34 |
Retail trade |
0.22 | –0.01 | –0.22 |
Wholesale trade |
0.18 | –0.01 | –0.20 |
Federal Reserve banks, credit intermediation, and related activities |
0.03 | –0.10 | –0.13 |
Securities, commodity contracts, and investments |
0.07 | –0.04 | –0.11 |
Rental and leasing services and lessors of intangible assets |
–0.10 | 0.00 | 0.10 |
Utilities |
–0.07 | 0.04 | 0.11 |
Real estate |
–0.01 | 0.12 | 0.13 |
Oil and gas extraction |
–0.03 | 0.12 | 0.15 |
Note: MFP = multifactor productivity. Source: U.S. Bureau of Labor Statistics. |