Multifactor productivity in manufacturing industries, 2010
July 05, 2012
In 2010, manufacturing sector multifactor productivity—defined as output per unit of combined inputs—increased at an annual rate of 7.5 percent. This was the largest increase recorded in the series, which began in 1987.
Durable manufacturing sector multifactor productivity increased 12.7 percent in 2010, following a decline of 4.7 percent in 2009. This was the largest increase recorded in the series.
Nondurable manufacturing sector multifactor productivity increased 2.7 percent in 2010, following a 0.9-percent decrease in 2009. The gain in 2010 was the largest increase since 2003.
In 2010, 14 out of 18 manufacturing industries exhibited increases in multifactor productivity. Only four manufacturing industries exhibited a decrease in multifactor productivity in 2010: textile mills and textile product mills, paper products, primary metals, and electrical equipment, appliances, and components.
These data are from the Multifactor Productivity program. To learn more, see "Multifactor Productivity Trends in Manufacturing — 2010" (HTML) (PDF), news release USDL-12-1288. Multifactor productivity is designed to measure the joint influences on economic growth of technological change, efficiency improvements, returns to scale, reallocation of resources, and other factors, allowing for the effects of capital, labor, and intermediate inputs (energy, materials, purchased business services).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Multifactor productivity in manufacturing industries, 2010 on the Internet at http://www.bls.gov/opub/ted/2012/ted_20120705.htm (visited July 03, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.