Figure 8. Growth in labor productivity and its components, 10-year compound average annual rate, 1974–2014 and projected 2014–24 (percent)
Period
Total factor productivity
Capital deepening
Cyclical/other
1974–84
0.9
1.0
-0.2
1984–94
1.1
.8
-.2
1994–2004
1.1
1.6
.1
2004–14
.7
.9
-.2
2014–24
1.0
.8
.0
Sources: Historical data, U.S. Bureau of Economic Analysis, U.S. Bureau of the Census, U.S. Bureau of Labor Statistics; projected data, U.S. Bureau of Labor Statistics.