Table A-24. Average Annual Rate of Change in Productivity, Selected Industries, 1969-19791.
Selected Industries | Productivity2 |
---|---|
|
|
Health Services | −1.4% |
All Industries | 1.7 |
Private Nonfarm Economy3 | 1.7 |
Manufacturing | 2.7 |
Transportation | 2.1 |
Wholesale and Retail Trade | 1.4 |
Finance, Insurance and Real Estate | 0.7 |
All Services | 0.6 |
Business Services | 0.7 |
Other Services | 1.1 |
Government and Government Enterprises | 0.7 |
Bureau of Industrial Economics (January 1982, p. 424).
Productivity is defined as gross product originating per hour worked. “Gross productivity originating” is constant dollar value added and represents that industry's contribution to real gross national product. “Productivity” is calculated by dividing gross product originating by hours worked. These measures differ from the Bureau of Labor Statistics' measures of productivity in the private nonfarm business sector, because of differences in coverage. See Bureau of Industrial Economics (January 1982, p. 424).
Excludes government and farms.