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On June 26, 2025, the Bureau of Labor Statistics (BLS) updated measures for 31 detailed industries in Productivity and Costs by Industry: Selected Service-Providing Industries - 2024. In 2024, these industries accounted for over 27.8 millions jobs.
The charts below feature trends of productivity and related series in selected time periods for six service-providing industries — commercial banking; electric power generation; software publishers; full-service restaurants; general freight trucking, long-distance; and accounting, tax preparation, bookkeeping, and payroll services. Each industry had productivity and output growth over the long-term. With the exception of electric power generation, each of these industries reported gains in both productivity and output across each of the selected periods. Hourly compensation grew for all six industries across the selected periods. Two industries – software publishers and accounting, tax preparation, bookkeeping, and payroll services – experienced growth in hours in every period.
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Last Modified Date: July 25, 2025