ABSTRACT
Labor productivity in trade is measured both for total employment and for sales personnel. Labor productivity indicates the amount of output produced by one unit of labor per unit of time. The year-end number of workers and employees of a reporting unit is the actual number counted from its employment rolls on December 31 of the year. The official formula for computing the absolute level of labor productivity in industry has been the ratio of gross value of industrial output at constant prices to the number of production workers. Labor productivity in basic construction is calculated primarily in value terms to indicate the volume of building and installation work at constant prices per worker. The average amount of wages per worker during a given period is dervied by dividing the total amount of wages by the average number of workers and employees.
