From 2019 to 2024, total factor productivity rose in 12 of 21 major U.S. industries, according to the Bureau of Labor Statistics. The biggest gains were in management of companies (3.0 percent), followed by mining and professional and technical services (each 2.5 percent). Output increased in 17 of 21 industries, while declines were seen in four goods‑producing sectors: mining (‑0.6 percent), manufacturing and durable manufacturing (‑0.8 percent each), and nondurable manufacturing (‑0.7 percent). Labor input grew in 16 of 21 industries, with transportation and warehousing up 3.0 percent and health care and social assistance up 2.5 percent. The data come from the BLS Productivity program and show varying levels of productivity and input growth across sectors.
Source: Bureau of Labor Statistics (BLS).
Materials reproduced from www.bls.gov.
No endorsement by BLS is implied.
https://www.bls.gov/opub/ted/2026/total-factor-productivity-increased-in-12-out-of-21-major-industries-from-2019-to-2024.htm
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