Productivity growth slower in two-thirds of newly measured service industries
February 20, 2003
In 4 of the 6 service-sector industries for which BLS has developed new labor productivity measures, output per hour grew more slowly in 1995-2000 than in 1990-1995.
The largest slowdown occurred in the prepackaged software industry, where the rate of growth in productivity declined from 20.1 percent per year in 1990-1995 to 8.6 percent per year in 1995-2000.
Productivity growth also slowed in local trucking and in truck rentals and leasing. There was a decline in output per hour in public warehousing and storage in 1995-2000, following an increase in 1990-1995.
Productivity accelerated in the last half of the 1990s in advertising agencies and in the passenger car rental industry.
These data are a product of the BLS Productivity and Costs program. 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, Productivity growth slower in two-thirds of newly measured service industries on the Internet at https://www.bls.gov/opub/ted/2003/feb/wk3/art02.htm (visited May 26, 2020).
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