Observation:
2023: 1.9 (+ more) Updated: Dec 4, 2024 3:30 PM CST2023: | 1.9 | |
2022: | -1.6 | |
2021: | 2.0 | |
2020: | 5.5 | |
2019: | 2.3 | |
View All |
Units:
Percent Change from Year Ago,Frequency:
AnnualData in this graph are copyrighted. Please review the copyright information in the series notes before sharing.
Source: U.S. Bureau of Labor Statistics
Release: Total Factor Productivity for Major Industries
Units: Percent Change from Year Ago, Not Seasonally Adjusted
Frequency: Annual
The efficiency at which labor hours are utilized in producing output of goods and services, measured as output per hour of labor.
For more information, please go to https://www.bls.gov/mfp/
Source Indicator: MPU4910063
U.S. Bureau of Labor Statistics, Private Nonfarm Business Sector: Labor Productivity [MPU4910063], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MPU4910063, .