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Economic News Release
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Table B. Labor productivity growth and the contributions of capital intensity, labor composition, and total factor productivity to labor productivity growth, private nonfarm business and private business sectors

Table B. Labor productivity growth and the contributions of capital intensity, labor composition, and total factor productivity to labor productivity growth, private nonfarm business and private business sectors
Average annual growth rates/percentage point contributions
1987-20221987-20231990-20002000-20072007-20192019-20232021-20222022-2023

Private nonfarm business

Labor productivity Growth

2.01.92.22.71.51.6-2.11.3

Contribution of capital intensity

0.90.91.01.10.70.7-0.50.6

Contribution of information processing equipment (IPE)

0.3-0.40.40.2-0.1-

Contribution of research and development (R&D)

0.1-0.10.10.1-0.1-

Contribution of intellectual property products (IPP) excluding R&D

0.2-0.20.20.2-0.2-

Contribution of capital input excluding IPP & IPE

0.2-0.20.40.2--0.9-

Contribution of labor composition

0.30.30.30.30.30.30.10.0

Total factor productivity growth

0.80.80.91.30.50.5-1.60.7

Contribution of R&D to total factor productivity

0.2-0.30.30.1-0.2-

Private business

Labor productivity Growth

2.02.02.32.71.51.6-2.11.4

Contribution of capital intensity

0.90.80.91.10.70.8-0.50.7

Contribution of information processing equipment (IPE)

0.3-0.40.40.2-0.1-

Contribution of research and development (R&D)

0.1-0.10.10.1-0.1-

Contribution of intellectual property products (IPP) excluding R&D

0.2-0.20.20.2-0.2-

Contribution of capital input excluding IPP & IPE

0.2-0.20.40.1--0.9-

Contribution of labor composition

0.30.30.30.30.30.30.10.0

Total factor productivity growth

0.80.81.01.30.60.5-1.70.7

*- Data for the most recent year not available

Note: Total factor productivity plus contribution of capital intensity and labor composition may not sum to labor productivity due to independent rounding. Contributions of the components of capital intensity may not sum to the total contribution of capital intensity due to independent rounding.

Last Modified Date: April 01, 2024