BLS Issues Report on Total Factor Productivity - 2024
March 22, 2025
March 22, 2025
WASHINGTON, March 22 (TNSres) -- The U.S. Department of Labor's Bureau of Labor Statistics issued the following report (No. USDL-25-0380) on March 21, 2025, entitled "Total Factor Productivity - 2024":
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Total factor productivity (TFP) in the private nonfarm business sector increased 1.3 percent in 2024, the U.S. Bureau of Labor Statistics reported today. (See chart 1, table A.) The 2024 increase in TFP reflects a 2.9percent increase in output and a 1 . . .
* * *
Total factor productivity (TFP) in the private nonfarm business sector increased 1.3 percent in 2024, the U.S. Bureau of Labor Statistics reported today. (See chart 1, table A.) The 2024 increase in TFP reflects a 2.9percent increase in output and a 1 . . .