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Productivity
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Retail Transformation Through Experimental Measures
On September 25, 2023, the Bureau of Labor Statistics (BLS) introduced experimental measures for Retail Trade Industries in response to the recommendations of the 2021 report on A Satellite Account to Measure the Retail Transformation from the Committee on National Statistics (CNStat). BLS commissioned CNStat to convene a panel of experts to get input on how better to understand the changes in the retail trade sector. Their report includes suggestions to develop retail margin productivity, pursue more timely data releases, and include activity from supporting industries. The content that follows is a first step in addressing these recommendations. BLS is exploring these alternative measures of output and labor productivity for retail industries to expand the understanding of our current annual data as featured in the Productivity and Costs by Industry – Wholesale Trade and Retail Trade Industries news release and Wholesale and Retail Trade Industries Labor Productivity highlights.
BLS welcomes feedback and suggestions for these experimental retail measures. Feel free to contact us to share your thoughts.
Last Modified Date: September 25, 2023