Figure 6. Growth in labor productivity and its components, 10-year compound annual average rate, 1978–2018 and projected 2018–28

Years

Total factor productivity

Capital deepening

Cyclical and/or other

1978–88

0.9 0.9 –0.4

1988–98

0.9 0.9 –0.1

1998–2008

1.2 1.7 –0.2

2008–18

0.4 0.8 0.1

2018–28 projected

0.7 1.0 –0.2

Source: U.S. Bureau of Labor Statistics.