The .gov means it's official. Federal government websites often end in .gov or .mil. Before sharing sensitive information,
make sure you're on a federal government site.
The site is secure. The
https:// ensures that you are connecting to the official website and that any
information you provide is encrypted and transmitted securely.
Multifactor productivity in private nonfarm business sector up 0.8 percent in 2014
June 30, 2015
Private nonfarm business sector multifactor productivity increased at a 0.8 percent annual rate in 2014. This 2014 gain reflected a 3.1-percent increase in output and a 2.3-percent increase in the combined inputs of capital and labor.
Productivity and related measures, private nonfarm business sector, percentage change from previous year, 1988–2014
Year
Multifactor
productivity
Output
Combined units
of labor input
and capital services
Capital services
Labor input
Capital services
per hour
of all persons
Output per hour
of all persons
Output per unit
of capital services
1988
1.0
4.6
3.6
3.8
3.5
0.9
1.7
0.7
1989
0.1
3.7
3.6
4.1
3.4
1.2
0.9
-0.3
1990
0.4
1.5
1.1
3.5
0.0
4.0
2.1
-1.8
1991
-0.8
-0.5
0.2
3.0
-1.1
5.7
2.0
-3.5
1992
2.5
4.1
1.5
2.5
1.0
2.7
4.3
1.5
1993
-0.1
3.2
3.3
3.3
3.4
0.3
0.2
-0.1
1994
0.7
4.7
4.0
3.6
4.1
0.0
1.0
1.0
1995
0.3
3.6
3.2
4.4
2.6
1.6
0.8
-0.8
1996
1.5
4.6
3.0
4.8
2.1
2.9
2.7
-0.2
1997
0.7
5.3
4.5
5.5
4.1
1.8
1.6
-0.2
1998
1.7
5.3
3.6
6.2
2.4
4.0
3.1
-0.8
1999
1.7
5.6
3.8
6.7
2.5
4.4
3.4
-1.0
2000
1.5
4.4
2.8
6.5
1.1
5.5
3.4
-2.0
2001
0.5
0.9
0.3
4.8
-1.6
7.0
3.0
-3.7
2002
2.0
1.8
-0.2
3.3
-1.8
5.9
4.3
-1.5
2003
2.3
3.2
0.8
2.7
-0.1
3.1
3.5
0.4
2004
2.7
4.5
1.7
2.5
1.3
1.0
3.0
2.0
2005
1.3
3.8
2.4
3.2
2.1
1.3
1.9
0.6
2006
0.3
3.3
3.0
3.5
2.7
1.1
0.9
-0.2
2007
0.4
2.4
2.0
3.1
1.4
2.4
1.7
-0.7
2008
-1.3
-1.3
0.0
2.6
-1.4
4.8
0.8
-3.8
2009
-0.2
-4.1
-3.9
0.9
-6.5
8.8
3.4
-4.9
2010
2.8
3.2
0.4
0.4
0.4
0.4
3.2
2.8
2011
0.0
2.2
2.3
1.1
2.9
-1.1
0.0
1.1
2012
0.8
3.3
2.4
1.5
3.0
-0.8
0.9
1.8
2013
0.9
2.7
1.8
1.7
1.8
-0.1
0.9
1.0
2014
0.8
3.1
2.3
2.1
2.4
-0.1
0.8
0.9
Capital services grew by 2.1 percent in 2014, which was the largest annual increase since a 2.6-percent increase in 2008. Labor input (which is the combined effect of hours worked and labor composition) grew by 2.4 percent. Capital services per hour of all persons continued on a steady decline of 0.1 percent in 2014; the fourth consecutive decline in this measure.
These data are from the Multifactor Productivity program. To learn more, see “Preliminary Multifactor Productivity Trends — 2014,” (HTML) (PDF). Multifactor productivity measures the change in output per unit of combined capital and labor inputs. It is designed to measure the joint influences of technological change, efficiency improvements, returns to scale, reallocation of resources, and other factors affecting economic growth, allowing for the effects of capital and labor.
United States Department of Labor
