2019 to 2022 Trends
Labor productivity increased in 23 out of 30 selected service-providing industries from 2019 to 2022. (See table 3.) Note that the percent changes for periods of more than one year in this section and the following section are annual percent changes. The two industries with the highest productivity gains during that period were travel arrangement and reservation services (+11.6 percent per year) and radio and television broadcasting (+9.8 percent). The largest annual decline in productivity from 2019 to 2022 occurred in warehousing and storage (−9.4 percent).
Output increased in 22 out of 30 selected service-providing industries from 2019 to 2022. The two industries with the highest increases during that period were software publishers (+12.4 percent per year) and medical and diagnostic laboratories (+6.7 percent). The steepest annual declines in output during this period were newspaper publishers (−5.3 percent) and dry-cleaning and laundry services (−4.7 percent).
Hours worked decreased in 16 of the 30 selected service-providing industries from 2019 to 2022. The two industries with the largest decreases in hours worked over the 3 years were newspaper publishers (−10.6 percent per year) and travel arrangement and reservation services (−7.9 percent). The industry with the largest increase in hours worked during this period was warehousing and storage (+15.2 percent).
Trends in Long-Term Productivity Through 2021
Long-term productivity rose in 48 out of 58 service-providing industries. (See table 2.) For most industries studied, this period extends from 1987 to 2021, the latest year for which data are available for all 58 selected service-providing industries published on the BLS website. Measures for some industries begin in years later than 1987, however none of the rates in this section incorporate data for 2022. Chart 4 displays the number of industries with increases in productivity, output, and hours worked for selected time periods through 2021.
• Median long-term productivity growth for all 58 industries was approximately 1.8 percent per year, ranging from −2.4 percent per year in couriers and messengers to 11.5 percent in wireless telecommunications carriers.
• Output increased over the long-term in 45 industries while hours worked increased in 33 industries.
• Productivity increased in 40 of the 58 industries over the business cycle preceding the pandemic: 2007 to 2019. During this period, 39 industries had increases in output and 31 experienced growth in hours worked.