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Productivity Measurement and Analysis

image of Productivity Measurement and Analysis

Productivity measurement and analysis are the main topics addressed in this book, which brings together contributions presented and discussed in two international workshops organized by the Statistics Directorate and the Directorate for Science, Technology and Industry (DSTI) of the OECD. The first workshop was organised jointly by the OECD with Fundaccion BBVA and the Instituto Valenciano de Investigaciones Económicas and held in Madrid in October 2005, and the second one was organized jointly by the OECD and the Swiss Federal Statistical Office and the State Secretary for Economic Affairs of Switzerland and held in Bern in October 2006. The two workshops brought together representatives of statistical offices, central banks and other branches of government in OECD countries that are engaged in the analysis and the measurement of productivity developments at aggregate and industry levels.

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U.S. Quarterly Productivity Measures

Uses and Methods

Since 1967, the Bureau of Labor Statistics (BLS) has regularly published quarterly data on the change in labor productivity. Data on labor productivity and unit labor costs, together with related measures, are published on a very timely basis eight times per year in the form of a “Productivity and Costs” press release.157 The initial data for a quarter are released shortly after publication of the advance gross domestic product (GDP) data by the Bureau of Economic Analysis (BEA) at the end of the month following the close of the quarter. Revised productivity and costs measures are released the following month after BEA’s publication of the “preliminary” GDP data. There is no release in the third month because changes in the data usually are minimal. Historical data are made available on the BLS website and in other formats upon request.

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