Rapid productivity growth in prepackaged software industry
February 19, 2003
Between 1990 and 2000, output per hour in the prepackaged software industry increased at a much faster rate than in the five other service-sector industries for which BLS has new productivity statistics.
Output per hour in the prepackaged software industry rose rapidly during the 1990-2000 period, increasing at an average annual rate of 14.2 percent. This increase reflected an average annual increase of 26.5 percent in output and a 10.7-percent increase in hours of all persons.
The rapid growth in the prepackaged software industry can be attributed to the increased use of computers and the rising demand for reliable, user-friendly software.
In addition to the prepackaged software industry, BLS recently published new productivity statistics for local trucking, without storage; public warehousing and storage; advertising agencies; truck rental and leasing; and passenger car rental.
These data are a product of the BLS Productivity and Costs program. Data are subject to revision. Find out more information in "New Transportation and Service Productivity Measures," (PDF 86K) Report 964.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Rapid productivity growth in prepackaged software industry on the Internet at http://www.bls.gov/opub/ted/2003/feb/wk3/art01.htm (visited July 02, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.