U.S. Worker Productivity Measure

From GM-RKB
(Redirected from U.S. Labor Productivity)
Jump to navigation Jump to search

A U.S. Worker Productivity Measure is a worker productivity measure for a U.S. labor market.



References

2015

  • http://www.bls.gov/bls/productivity.htm
    • QUOTE: Productivity and related cost measures are designed for use in economic analysis and public and private policy planning. The data are used to forecast and analyze changes in prices, wages, and technology. There are two primary types of productivity statistics:
      • Labor productivity measures output per hour of labor.
      • Multifactor productivity measures output per unit of combined inputs, which consist of labor and capital, and, in some cases, intermediate inputs such as fuel.
    • Labor Productivity:
      Data on output per hour and unit labor costs are available for the U.S. business sector, the nonfarm business sector, and the manufacturing sector. These are the productivity statistics most often cited in the news. In addition, output per hour and unit labor costs are available for over 400 selected industries in manufacturing, mining, utilities, wholesale and retail trade, and services.

2015b