Private Business Sector: Multifactor Productivity, Percent Change
: 1.3% (As of 2024-01-01) NEW
Basic Info
Private Business Sector: Multifactor Productivity, Percent Change was 1.3 as of 2024-01-01, according to U.S. Bureau of Labor Statistics. Historically, Private Business Sector: Multifactor Productivity, Percent Change reached a record high of 3.9 and a record low of -1.1, the median value is 0.7. Typical value range is from -0.5 to 2. The Year-Over-Year growth is -7.14%. GuruFocus provides the current actual value, an historical data chart and related indicators for Private Business Sector: Multifactor Productivity, Percent Change - last updated on 2024-01-01.
Annual , not seasonally adjusted . Multifactor productivity is calculated by dividing an index of real output by an index of combined units of labor input and capital services. It is designed to measure the joint influences of technological change, efficiency improvements, returns to scale, reallocation of resources, and other factors of economic growth, accounting for the effects of capital and labor. The real value is the added output divided by combined inputs. For more information, please go to http://www.bls.gov/mfp/ Source Indicator: MPU4900013
| Category | Population, Employment, & Labor Markets |
| Region | USA |
| Source | U.S. Bureau of Labor Statistics |
Stats
| Name | Value | ||
|---|---|---|---|
| Last Value | 1.3% | ||
| Latest Period | 2024-01-01 | ||
| Long Term Average | 0.73% | ||
| Average Annualized Growth Rate | +1.36% | ||
| Value from 1 year ago | 1.4% | ||
| Change from 1 year ago | -7.14% | ||
| Frequency | Annual | ||
| Unit | % | ||
| Download Source | source link |
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