Multifactor Productivity Decreases 0.2% in 2016, First Decline Since 2009

Private nonfarm business sector multifactor productivity decreased at a
0.2-percent annual rate in 2016, according to the U.S. Bureau of Labor Statistics.

Private nonfarm business sector multifactor productivity decreased at a
0.2-percent annual rate in 2016, according to the U.S. Bureau of Labor Statistics. This 2016 decline reflected a 1.7-percent increase in output and a 1.9-percent increase in the combined inputs of capital and labor. Capital services grew by 2.4 percent and
labor input – which is the combined effect of hours worked and labor composition – grew by 1.6 percent. This was the first decline in multifactor productivity growth since 2009.

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