US labor productivity, or output per hour worked at nonfarm businesses, fell at an annual rate of 2.1 percent in Q12023 vs. Q42022, and down 0.8% Y/Y. 5 straight Qs Negative Y/Y productivity growth, the longest since 1948.
US labor productivity, or output per hour worked at nonfarm businesses, fell at an annual rate of 2.1 percent in Q12023 vs. Q42022, and down 0.8% Y/Y. 5 straight Qs Negative Y/Y productivity growth, the longest since 1948.