Nonfinancial corporations (Productivity and Costs)

What is Nonfinancial corporations (Productivity and Costs)?

Nonfinancial corporations (Productivity and Costs) meaning in Labor terms is The nonfinancial corporate business sector is a subset of the domestic economy and excludes the economic activities of the following: general government, private households, nonprofit organizations serving individuals, and those corporations classified as offices of bank holding companies, offices of other holding companies, or offices in the finance and insurance sector. Nonfinancial corporations accounted for about 54 percent of the value of gross domestic product (GDP) in 2000.

 

reference: Glossary: U.S. Bureau of Labor Statistics – United States Department of Labor

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