PRODUCTIVITY GROWTH
Tuesday, January 24, 2012
PRODUCTIVITY GROWTH
Labor Productivity Index: Output per Employee (annual data)
Productivity growth is the ultimate source for the increases of a nation's economic wealth and living standards. Transportation has been one of the leading sectors in productivity growth for the U.S. economy since 1955, when statistics on transportation productivity became available.
| Productivity Index (1955=100) | 1997 | 1998 |
|---|---|---|
| Railroad (data are for 1996 and 1997) | 826 | 852 |
| Railroad percent change from previous year | 6.17 | 3.15 |
| Air | 617 | 599 |
| Air percent change from previous year | 0.45 | -2.78 |
| Pipelines | 658 | 677 |
| Pipelines percent change from previous year | 1.51 | 2.77 |
| Trucking | 307 | 302 |
| Trucking percent change from previous year | 1.15 | -1.74 |
| Business as a whole (1998-1999) | 217 | 222 |
| Business as a whole percent change from previous year | 2.74 | 2.57 |
| Bus | 109 | 94 |
| Bus percent change from previous year | 17.23 | -14.00 |
SOURCE: U.S. Department of Labor, Bureau of Labor Statistics, Office of Productivity and Technology, Index of Output per Employee, All Published Industries, Aug. 12, 2000.