Multifactor productivity (MFP), also known as total factor productivity (TFP), is a measure of economic performance that compares the amount of goods and services produced (output) to the amount of combined inputs used to produce those goods and services. Inputs can include labor, capital, energy, materials, and purchased services. The BLS also publishes measures of labor productivity.
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In 2018 multifactor productivity grew at a 1.0 percent annual rate in the
private nonfarm business and private business sectors. In both sectors,
multifactor productivity grew at a faster rate than in 2017.
Multifactor productivity rose in 37 of the 86 4-digit NAICS manufacturing industries in 2016, up
from 21 industries in 2015. Among transportation industries, multifactor productivity increased
in air transportation and decreased in line-haul railroads.
Productivity and Costs--labor productivity and costs for major sectors of the economy (business, nonfarm business, and manufacturing) and for 3- and 4-digit industries.
Productivity Research and Program Development works on strengthening and improving Bureau productivity measures and on understanding the sources and effects of productivity and technical change. The Division works on clarifying input and output concepts, using methods from microeconomic and macroeconomic theory, labor economics, industrial organization, econometrics, and statistics.
International Labor Comparisons--comparative information by country on productivity and unit labor costs; compensation; labor force, employment, and unemployment; and consumer prices.
International Technical Cooperation --conducts training in labor statistics for international participants and coordinates international requests for BLS services including technical experts and short-term visits to BLS.