Biden's America: Labor costs jumps 11.6 % as productivity falls 7.5%, biggest decline since 1947

[SugarDaddy1]

Worker productivity fell 7.5 percent in the first three months of the year, the sharpest decline since 1947, the Bureau of Labor Statistics said Thursday.

Economists had expected this measure of nonfarm productivity to fall a milder 2.5 percent after a 6.3 percent rise in the fourth quarter of 2021. Nonfarm productivity is measured by comparing the total number of hours worked to the economy’s total output.

https://www.breitbart.com/economy/2...ctivity-falls-7-5-biggest-decline-since-1947/

 

[anarchoMando]

https://www.breitbart.com/economy/2...ctivity-falls-7-5-biggest-decline-since-1947/

Quit using factually incorrect
paid for by Koch brothers
news

 

[HisArpy]

Quit using factually incorrect
paid for by Koch brothers
news

Quit yer bitching and start contributing with counter citations.

 

[Fuzzy1975]

https://www.breitbart.com/economy/2...ctivity-falls-7-5-biggest-decline-since-1947/

Productivity depends upon a secure and functional supply chain. Without that, production drops. The current state of supply and delivery world wide is at or below 30%, when compared to pre COVID 2019.

When employment in a population reaches levels of 3.8 or lower, wages must rise to fill the jobs, which is the case, and it is not a bad thing after wages have been stagnant for close to 20 years.