Strong Productivity Defies Trend And Gives Fed Room to Maneuver
U.S. productivity has grown at an estimated annual rate of 2.5% so far this year, defying the usual behavior. That productivity is staying strong even in bad times has big implications for economic growth, inflation, employment and, ultimately, living standards.
U.S. productivity has grown at an estimated annual rate of 2.5% so far this year, defying the usual behavior. That productivity is staying strong even in bad times has big implications for economic growth, inflation, employment and, ultimately, living standards.
