2013 Multifactor Productivity Trends — 2015-03-26

(Note: The Bureau of Labor Statistics identified an error in the estimates of the contribution of all other intellectual property products and the contribution of all other capital services to labor productivity. This error affects Table B of Multifactor Productivity Trends � 2013. No other measures besides the measures listed above were affected by this error. The data in this release will not be corrected. For more information, please visit https://www.bls.gov/bls/errata/productivity-correction-11082017.htm.) Private nonfarm business sector multifactor productivity increased at a 0.9 percent annual rate in 2013, the U.S. Bureau of Labor Statistics reported today. (See chart 1, table A.) This gain in 2013 reflected a 2.7-percent increase in output and a 1.8-percent increase in the combined inputs of capital and labor. Capital services grew by 1.7 percent, the largest gain since 2008, and labor input - which is the combined effect of hours worked and labor composition - grew 1.8 percent.