Chapter

The BLS Productivity Measurement Program

Edited by Edwin R. Dean and Michael J. Harper

in New Developments in Productivity Analysis

Published by University of Chicago Press

Published in print August 2001 | ISBN: 9780226360621
Published online February 2013 | e-ISBN: 9780226360645 | DOI: http://dx.doi.org/10.7208/chicago/9780226360645.003.0002
The BLS Productivity Measurement Program

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Productivity measurement has long been an important activity of the U.S. Bureau of Labor Statistics (BLS). This program has evolved over the years, stimulated by changes in data availability, by new developments in the economics literature, and by the needs of data users. This chapter discusses the current status of the BLS program, with emphasis on the data development work done in recent years. It first reviews the status of the BLS program as of the mid-1970s as well as some important advances in the economics literature that had occurred by that time. It then describes the development of multifactor productivity measures for the private business and private nonfarm business sectors—these were first published in 1983—and recent work to expand and improve these measures. It also describes recent extensions and improvements to measures for the manufacturing sector and for more detailed industries both within and outside manufacturing. Finally, it comments on the potential for further improvements in the measures.

Keywords: Bureau of Labor Statistics; productivity analysis; multifactor productivity; manufacturing sector

Chapter.  12631 words. 

Subjects: Econometrics and Mathematical Economics

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