U.S. flag

An official website of the United States government

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 increased in 12 out of 21 major industries from 2019 to 2024

January 06, 2026

From 2019 to 2024, total factor productivity increased in 12 out of 21 major industries. The largest increase occurred in management of companies (3.0 percent), followed by mining and professional and technical services (2.5 percent each).
Total factor productivity and related data by major industry, average annual percent change, 2019–24
IndustryTotal factor productivityOutputCombined inputsCapital inputLabor inputIntermediate inputs[1]

Management of companies

3.05.01.90.30.93.8

Mining

2.5-0.6-3.0-1.6-3.9-3.3

Professional and technical services

2.55.22.75.71.73.4

Information

1.86.04.16.40.93.7

Agriculture, forestry, fishing, and hunting

1.71.6-0.11.1-0.6-1.6

Retail trade

1.43.42.03.2-0.53.6

Real estate and rental and leasing

1.33.92.51.11.13.9

Administration and waste services

0.91.60.74.90.30.1

Nondurable manufacturing

0.7-0.7-1.42.00.7-3.7

Health care and social assistance

0.73.83.02.82.53.5

Accommodation and food services

0.62.11.50.5-0.34.3

Educational services

0.12.82.71.60.74.2

Arts, entertainment, and recreation

0.03.53.52.41.55.2

Manufacturing

-0.1-0.8-0.71.70.2-2.7

Utilities

-0.20.30.62.81.3-1.8

Transportation and warehousing

-0.41.01.41.53.0-0.4

Finance and insurance

-0.42.42.93.10.95.6

Construction

-0.71.52.21.81.13.4

Durable manufacturing

-0.9-0.80.01.5-0.1-0.7

Wholesale trade

-1.30.61.92.30.72.5

Other services, except government

-1.42.13.62.40.76.7

[1] Intermediate inputs is an aggregation of energy, materials, and services.

Output growth was widespread, increasing in 17 of 21 industries over the period. The output declines occurred in the 4 goods-producing industries: mining (−0.6 percent), manufacturing and durable manufacturing (−0.8 percent each), and nondurable manufacturing (−0.7 percent).

Labor input grew in 16 of 21 industries over the period, demonstrating that these industries have recovered from labor losses in 2020. The industries that had the largest increases in labor input from 2019 to 2024 were transportation and warehousing (3.0 percent) and health care and social assistance (2.5 percent).

These data are from the Productivity program and are average annual percentage changes. To learn more, see “Total Factor Productivity in Major Industries — 2024.” We also have more charts on total factor productivity by major industry. 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 increased in 12 out of 21 major industries from 2019 to 2024 at https://www.bls.gov/opub/ted/2026/total-factor-productivity-increased-in-12-out-of-21-major-industries-from-2019-to-2024.htm (visited January 07, 2026).