Period | MFP growth | Real value-added output growth | Combined inputs growth |
---|---|---|---|
1948–60 |
1.7 | 3.6 | 1.8 |
1960–73 |
2.0 | 4.8 | 2.7 |
1973–81 |
0.0 | 2.5 | 2.5 |
1981–97 |
0.7 | 3.6 | 2.9 |
1997–2005 |
1.7 | 3.7 | 2.0 |
2005–18 |
0.4 | 2.1 | 1.6 |
Long-term historical average (1948–2018) |
1.1 | 3.4 | 2.3 |
Note: MFP = multifactor productivity. Source: U.S. Bureau of Labor Statistics. |