Wednesday, 21st March 2012
Multifactor Productivity Trends 2010
Source: Bureau of Labor Statistics
From the press release:
Private nonfarm business sector multifactor productivity increased at a 3.5 percent annual rate in 2010, the U.S. Bureau of Labor Statistics reported today. This was the largest increase recorded in the series, which began in 1987. The multifactor productivity gain in 2010 reflected a 4.0 percent increase in output and 0.5 percent increase in the combined inputs of capital and labor. Capital services grew by 0.4 percent, and labor input – which is the combined effect of hours worked and labor composition – grew 0.5 percent.
Multifactor productivity measures the change in output per unit of combined capital and labor input. It is designed to measure the joint influences of technological change, efficiency improvements, returns to scale, reallocation of resources, and other factors on economic growth, allowing for the effects of capital and labor.
+ Direct link to full report (HTML)
By Heather Negley
An Info Pro, librarian, entrepreneur, author, worldwide connector and book-lover, Heather Negley is recognized for her new ways of thinking about librarianship, research, social media and creativity. Heather is the founder of HelpALibrarian.com and Zing Information Services. She has most recently been an Information Research Specialist with the Congressional Research Service at the Library of Congress where she provided business research for members of Congress and their staffs. Heather also worked as a research reporter for U.S. News and World Report and as a technical advertising producer on the washingtonpost.com. She received her MS in Library and Information Science from Simmons College in Boston, MA.
Heather can be reached at email@example.com
More articles by Heather Negley »
Please note: DocuTicker's editors collect citations for full-text PDF reports freely available on the web but we do not archive these reports. When you click a link to find and/or download the report, you are leaving the DocuTicker site. DocuTicker makes no representations regarding the ongoing availability of any report or any external resource. Links were accurate as of the date of posting.