Productivity of labor, capital rise again in 1997
February 25, 1999
Multifactor productivity in the private business sector—the change in output that cannot be accounted for by the change in combined inputs of labor and capital—increased for the sixth consecutive year in 1997. Multifactor productivity rose 0.7 percent, after a 1.7-percent gain in 1996.
The overall productivity gain in 1997 reflected a 4.7 percent increase in output and a 3.9 percent increase in the combined inputs of capital and labor. Labor productivity (output per hour worked) grew 1.5 percent in 1997. Capital productivity (output per unit of capital services) grew 0.3 percent.These data are a product of the Multifactor Productivity program. Additional information is available from news release USDL 99-36, "Multifactor Productivity Trends, 1997."
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity of labor, capital rise again in 1997 on the Internet at https://www.bls.gov/opub/ted/1999/feb/wk4/art04.htm (visited August 23, 2017).
Recent editions of Spotlight on Statistics
Women in the workforce before, during, and after the Great Recession
A look at trends and projections in the labor force participation of women from the 1950s to 2024.
Employer-sponsored healthcare coverage across wage groups
A look at the relationship between employee wages and access to, participation in, and costs of employer-sponsored medical, dental, and vision care benefit plans.
Sports and Exercise
A look at participation and time spent in sports and exercise activities.
Women at Work
A look at women's labor force participation and earnings, how women spend their time and money, the nature of fatal work injuries, and labor force projections for the future.