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Expanding BLS Data on Total Factor Productivity

Our data on multifactor productivity are getting a makeover. You’ll get the same great data but with a new name, “total factor productivity.” Why change the name if it’s the same data? To reach you! More web searches seek total factor productivity than multifactor productivity. That’s probably because most other countries, including our major trading […]

Productivity Perspective of the 2020 COVID-19 Pandemic

Labor productivity, a key measure of the health of the U.S. economy, had been rising steadily but slowly throughout the 2010s—just over one percent per year on average. But what happens when the economy is thrown into a sudden decline by an unprecedented shock? COVID-19 landed in the United States in the early months of […]

State Productivity: A BLS Production

We have a guest blogger for this edition of Commissioner’s Corner. Jennifer Price is an economist in the Office of Productivity and Technology at the U.S. Bureau of Labor Statistics. She enjoys watching theatrical performances when she’s not working. I recently had the pleasure of attending a high school play. The cast was composed of […]

Why This Counts: Measuring Industry Productivity

At BLS, productivity is the economic statistic that describes the efficiency of production. The productivity statistics you hear about most often in the news are for the entire U.S. economy. But there’s more to the productivity story than just the overall numbers. The economy is made up of hundreds of industries, and each one works […]

New State Data on Labor Productivity and Job Openings and Labor Turnover

While international trade has become increasingly important to our economy over the past 60 years, U.S. households and businesses continue to rely primarily on local markets for most goods and services. The products we create come from all over our country. Workers, businesses, and policymakers care deeply about the economy in our own backyards. That’s […]