US Productivity Growth Exceeds Projections After Upward Revision

Posted by neolthrowaway

4 Comments

  1. neolthrowaway on

    > Productivity, or nonfarm employee output per hour, increased at a 2.8% annualized rate after an upwardly revised 5.2% advance in the third quarter, data from the Bureau of Labor Statistics showed Thursday. The median projection of economists surveyed by Bloomberg called for a 1.9% advance.

    https://archive.is/AJ9Th

  2. notsussamong on

    Not sure about every sector, but at least in tech AI has made a HUGE impact on productivity, especially with the newer modes. I don’t think it’s as pronounced in other sectors, but tech is a massive portion of the economy regardless.

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