BLS: Multifactor productivity in manufacturing falls 5.7% in 2009, largest decline in series
News release: “Manufacturing sector multifactor productivity declined at a 5.7 percent annual rate in 2009, the U.S. Bureau of Labor Statistics reported today. This was the largest annual decline in multifactor productivity since the series started in 1987. The multifactor productivity decline in 2009 reflected a 12.5 percent decrease in output and a 7.2 percent …