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Multifactor productivity (MFP), also known as total factor productivity (TFP), is a measure of economic performance that compares the amount of goods and services produced (output) to the amount of combined inputs used to produce those goods and services. Inputs can include labor, capital, energy, materials, and purchased services. The BLS also publishes measures of labor productivity.
The BLS Productivity program will replace the term multifactor productivity (MFP) with total factor productivity (TFP) beginning with the Total Factor Productivity Trends for
Major Industries release on November 18, 2021. This is a change in terminology only and will not affect the data or methodology. The use of the term total factor productivity
will improve the visibility and accessibility of our data and will be accompanied by changes to the BLS website and future productivity news releases.
In 2020 multifactor productivity declined at a 1.7-percent annual rate in both the
private nonfarm business and private business sectors.
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In 2020, total factor productivity declined in 16 out of 21 major industries with the largest decline in the arts, entertainment, and recreation industry (-17.9 percent).
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In 2020, total factor productivity declined in 16 out of 21 major industries with the largest decline in the arts, entertainment, and recreation industry (-17.9 percent).
Multifactor productivity fell in 61 of 86 4-digit NAICS manufacturing industries in 2019, up from 37 of the industries in 2018. Among transportation industries, multifactor productivity increased in air transportation and decreased in line-haul railroads.
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Productivity and Costs--labor productivity and costs for major sectors of the economy (business, nonfarm business, and manufacturing) and for 3- and 4-digit industries.
Productivity Research and Program Development works on strengthening and improving Bureau productivity measures and on understanding the sources and effects of productivity and technical change. The Division works on clarifying input and output concepts, using methods from microeconomic and macroeconomic theory, labor economics, industrial organization, econometrics, and statistics.
International Labor Comparisons--comparative information by country on productivity and unit labor costs; compensation; labor force, employment, and unemployment; and consumer prices.
International Technical Cooperation --conducts training in labor statistics for international participants and coordinates international requests for BLS services including technical experts and short-term visits to BLS.
United States Department of Labor
