Department of Labor Logo United States Department of Labor
Dot gov

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.

Https

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.

Total factor productivity up in 9 out of 21 major industries in 2022

December 12, 2023

Total factor productivity rose in 9 out of 21 major industries in 2022. Many of the total factor productivity increases in 2022 were driven by strong output growth outpacing increases in the combined inputs of capital, labor, energy, materials, and services.

Annual percent changes in total factor productivity, by industry
Industry 1987–2022 2019–22 2021–22

Agriculture, forestry, fishing, and hunting

0.9 -1.3 -6.1

Mining

0.9 -3.3 -8.8

Utilities

0.2 -0.8 -2.8

Construction

-0.7 -1.4 -5.0

Manufacturing

0.7 0.0 -1.4

Durable manufacturing

1.2 -0.3 -0.4

Nondurable manufacturing

0.0 0.5 -1.9

Wholesale trade

1.0 -1.4 -4.1

Retail trade

1.0 -2.1 -3.9

Transportation and warehousing

0.5 -1.7 -2.8

Information

1.0 2.2 0.3

Finance and insurance

-0.1 -0.7 -3.0

Real estate and rental and leasing

0.0 1.4 1.2

Professional, scientific, and technical services

0.6 2.3 1.0

Management of companies and enterprises

0.1 4.1 6.0

Administrative and waste management services

0.4 1.2 1.3

Educational services

-0.3 -0.9 3.1

Health care and social assistance

-0.5 0.0 0.4

Arts, entertainment, and recreation

0.5 1.4 8.1

Accommodation and food services

0.4 1.3 0.1

Other services, except government

-0.3 -0.9 -1.7

The largest percentage increases occurred in arts, entertainment, and recreation (8.1 percent), management of companies and enterprises (6.0 percent), and educational services (3.1 percent). Mining had the largest percentage decrease in total factor productivity, at 8.8 percent, followed by agriculture, forestry, fishing, and hunting (6.1 percent), and construction (5.0 percent).

From 1987 to 2022, total factor productivity rose in 14 of the 21 major industries. The following industries had increases of at least 1.0 percent: durable manufacturing (1.2 percent), information (1.0 percent), retail trade (1.0 percent), and wholesale trade (1.0 percent). The largest percentage decrease over this period occurred in construction, at 0.7 percent.

These data are from the Productivity program. To learn more, see “Total Factor Productivity in Major Industries — 2022.” We also have more charts on total factor productivity.  Total factor productivity is defined as output per unit of combined inputs.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Total factor productivity up in 9 out of 21 major industries in 2022 at https://www.bls.gov/opub/ted/2023/total-factor-productivity-up-in-9-out-of-21-major-industries-in-2022.htm (visited April 15, 2024).

OF INTEREST
spotlight
Recent editions of Spotlight on Statistics


triangle