U.S. productivity posts biggest ever annual drop in second quarter

m.knox

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Aug 20, 2003
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#BIDENCOOLEREFFECT in full force........... Biggest drop since 1948....

https://news.yahoo.com/u-productivity-drops-second-quarter-124335395.html?fr=sycsrp_catchall


(Reuters) -U.S. worker productivity in the second quarter fell at its steepest pace on an annual basis since 1948, the Labor Department said on Tuesday, while growth in unit labor costs accelerated, suggesting strong wage pressures will continue to help keep inflation elevated.
Nonfarm productivity, which measures hourly output per worker, fell at 2.5% pace from a year ago. It also declined sharply in the second quarter at a 4.6% annualized rate, after having declined by an upwardly revised 7.4% in the first three months of the year, the report showed.
Economists polled by Reuters had expected productivity would decline at a 4.7% rate in the April-June period.
 
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psuted

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Nov 26, 2010
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#BIDENCOOLEREFFECT in full force........... Biggest drop since 1948....

https://news.yahoo.com/u-productivity-drops-second-quarter-124335395.html?fr=sycsrp_catchall


(Reuters) -U.S. worker productivity in the second quarter fell at its steepest pace on an annual basis since 1948, the Labor Department said on Tuesday, while growth in unit labor costs accelerated, suggesting strong wage pressures will continue to help keep inflation elevated.
Nonfarm productivity, which measures hourly output per worker, fell at 2.5% pace from a year ago. It also declined sharply in the second quarter at a 4.6% annualized rate, after having declined by an upwardly revised 7.4% in the first three months of the year, the report showed.
Economists polled by Reuters had expected productivity would decline at a 4.7% rate in the April-June period.
Biden and Democrats are economic disaster’s and this crazy bill they’re passing is destined to make things even worse. They’re intentionally tying to destroy this country.
 

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