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Why This Counts: Breaking Down Multifactor Productivity

Productivity measures tell us how much better we are at using available resources today compared to years past. All of us probably think about our own productivity levels every day, either in the workplace or at home. I find my own productivity is best in the morning, right after that first cup of coffee! On […]

Why This Counts: Productivity and Its Impact on Our Lives

How can we achieve a higher standard of living? One way might simply be to work more, trading some free time for more income. Although working more will increase how much we can produce and purchase, are we better off? Not necessarily. Only if we increase our efficiency—by producing more goods and services without increasing […]

New Spotlight on labor productivity trends by industry

Have you been wondering how recent productivity growth has varied by industry and how these trends relate to recent changes in hours worked, employment, prices, or compensation in the industries?  Wonder no more, because this week BLS published a new edition of Spotlight on Statistics that examines industry labor productivity trends from 2000 to 2010. The Spotlight […]

Remembering Dale Jorgenson

The economics profession recently lost one of our leading scholars, Dale W. Jorgenson of Harvard University. His passing leaves a void in the landscape of economic theory, measurement, and data collection. Professor Jorgenson, in so many ways, was a major architect of this landscape, beginning with his early work developing a model of investment. He […]

Catching up on Recent BLS Activities

At BLS, we highly value feedback that can help us improve our economic statistics. Three groups regularly advise us on serving the needs of data users: the BLS Data Users Advisory Committee, the BLS Technical Advisory Committee, and the Federal Economic Statistics Advisory Committee. I cannot overstate the value of these committees. They have given […]