Total factor productivity up 19.9 percent in mining in 2023
December 12, 2024
December 12, 2024
WASHINGTON, Dec. 12 (TNSres) -- The U.S. Department of Labor's Bureau of Labor Statistics issued the following document from Economics Daily:
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Total factor productivity increased in 12 major industries in 2023, led by the mining and retail trade industries. Increases in total factor productivity in 2023 were driven by output growth outpacing the growth in combined inputs of capital, labor, and the intermediate inputs of energy, materials, and services.
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Total factor productivity increased in 12 major industries in 2023, led by the mining and retail trade industries. Increases in total factor productivity in 2023 were driven by output growth outpacing the growth in combined inputs of capital, labor, and the intermediate inputs of energy, materials, and services.
. . .