Tuesday, March 23, 2021

Multifactor Productivity Trends News Release

Bureau of Labor Statistics
The latest Multifactor Productivity Trends news release has been posted on the BLS website at https://www.bls.gov/news.release/pdf/prod3.pdf and also archived at https://www.bls.gov/news.release/archives/prod3_03232021.pdf. Highlights are below.

Multifactor productivity decreases 1.7% in 2020, following a 0.7% increase in 2019

03/23/2021

In 2020 multifactor productivity declined at a 1.7-percent annual rate in both the private nonfarm business and private business sectors.

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