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 Originally Published March 28, 2008
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Multifactor productivity in nonfarm business, 2006
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In the private nonfarm business sector, multifactor productivity—output per combined units of labor and capital inputs—rose 0.4 percent in 2006. This was the slowest rate of growth since 2001.

Multifactor productivity and related data, nonfarm business, 2005-06
[Chart data—TXT]

Output increased 3.2 percent in 2006, and the combined inputs of capital and labor increased 2.8 percent.

Labor input grew 2.7 percent in 2006, compared to 1.8 percent in 2005. Capital services increased 2.8 percent in 2006, compared to 2.6 percent in the previous year.

Multifactor productivity is designed to measure the joint influences of economic growth on technological change, efficiency improvements, returns to scale, reallocation of resources, and other factors, allowing for the effects of capital and labor.

These data are from the Multifactor Productivity program. Productivity data are subject to revision. To learn more, see "Multifactor Productivity Trends, 2006" (PDF) (HTML), news release USDL 08-0410.

40 Best of The Editor's Desk is now available in print! This publication features 40 of the best The Editor's Desk (TED) articles from 2006. To obtain a free copy, you can send email to ted@bls.gov with your mailing address included in your request; or mail a request to the Office of Publications and Special Studies, U.S. Department of Labor, Bureau of Labor Statistics, Washington, D.C., 20212; or call 202-691-5200.

 

 

The Bureau of Labor Statistics is an agency within the U.S. Department of Labor.

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Last Updated: May 06, 2008