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Includes the headline indexes of labor productivity, total factor productivity, output, hours worked, and unit labor costs. Graph and download economic data for total factor productivity at constant national prices for united states (rtfpnausa632nrug) from 1954 to 2019 about production, price, and usa. Graph and download economic data for total factor productivity at constant national prices for united states from jan 1947 to aug 2025 about production, price, usa, headline figure, real, gdp, m3, broad, monetary aggregates, civilian, 16 years +, household survey, and employment.
Total factor productivity (tfp) is an estimate of how efficiently an economy turns its inputs into outputs Us labour productivity dropped by 2.49 % yoy in dec 2024, compared with a growth of 2.65 % in the previous quarter. It is defined as the part of gdp not explained by capital (machines, buildings, infrastructure) or labor input.
This records a decrease from the previous number of 3.413 % for dec 2024.
As productivity per hour worked grow in the long run, the results reflect positively on the overall economy.
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