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The Economics Daily

Total factor productivity down in 16 of 21 industries in 2020

November 30, 2021
Total factor productivity declined in 16 out of 21 major industries in 2020. These declines were largely due to the economic downturn caused by the COVID-19 pandemic. The largest industry decline was in arts, entertainment, and recreation (−17.9 percent), the largest annual decline since data were first collected in 1988. This was followed by declines in educational services (−10.9 percent), and accommodation and food services (−8.6 percent). Full Text »

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Monthly Labor Review

Assessing Consumer Expenditure Surveys data quality through the lens of data use
Adam Safir, Daniel Dorfman
(PDF)

Data from the Job Openings and Labor Turnover Survey (JOLTS) highlight the impact of the COVID-19 pandemic on state labor markets. While all states were affected, each state was confronted with its own unique job opening and turnover challenges, and the path taken towards a new normal was not the same for every state.
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