Figure 2. Contributions to labor productivity growth: MFP growth, contribution of capital intensity, contribution of labor composition, average annual growth rates for selected periods, private nonfarm business sector, 1948–2018
Period Labor productivity growth Contribution of capital intensity Contribution of labor composition MFP growth

1948–60

 2.8 0.8 0.2 1.7

1960–73

 3.0 0.9 0.1 2.0

1973–81

 1.1 1.0 0.1 0.0

1981–97

 1.7 0.7 0.3 0.7

1997–2005

 3.3 1.3 0.2 1.7

2005–18

 1.4 0.7 0.3 0.4

Long-term historical average (1948–2018)

 2.2 0.9 0.2 1.1

Note: MFP = multifactor productivity.

Source: U.S. Bureau of Labor Statistics.