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Productivity
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Revised measure names and LABSTAT codes for Labor Productivity and Costs data
Effective with the February 2, 2023 Labor Productivity and Costs release, several measure names and series codes will be changing to improve consistency across all productivity products and reflect the data more accurately. Three output and related data series for the nonfarm business, business, and nonfinancial corporate sectors will have changes in measure name only. Three output and related data series for the manufacturing, durable manufacturing, and nondurable manufacturing sectors will have changes in measure name and LABSTAT series codes as the output series in these sectors are different in concept to the output in the nonfarm business, business, and nonfinancial corporate sectors. This change is done to clarify the concept of output these sectors measure. In LABSTAT Major Sector Quarterly Labor Productivity and Costs series ids, PRS84006041 for example, the 9th and 10th digit, which represent the measure, will be affected. You can find all terms for productivity and related measures in our Productivity Glossary.
| Sector of Data | Previous Measure Name | New Measure Name | Previous Measure Code | New Measure Code |
|---|---|---|---|---|
|
Nonfarm Business, Business, and Nonfinancial corporate |
'Output' | 'Real value-added output' | 04 | 04 |
|
Nonfarm Business, Business, and Nonfinancial corporate |
'Implicit price deflator' | 'Value-added output price deflator' | 14 | 14 |
|
Nonfarm Business, Business, and Nonfinancial corporate |
'Current dollar output' | 'Value-added output' | 05 | 05 |
|
Manufacturing, Nondurable manufacturing, and Durable Manufacturing |
'Output' | 'Real sectoral output' | 04 | 21 |
|
Manufacturing, Nondurable manufacturing, and Durable Manufacturing |
'Implicit price deflator’ | 'Sectoral output price deflator' | 14 | 22 |
|
Manufacturing, Nondurable manufacturing, and Durable Manufacturing |
'Current dollar output' |
'Sectoral output' | 05 | 23 |
Last Modified Date - January 30, 2023