Productivity And Labor; More Evidence For A Supercycle
The BLS updated its productivity estimates yesterday to incorporate the BEA’s slight upward revision in GDP for Q1 2016. The changes to the productivity series were also small, where the initial estimate was for -1% (annualized) US labor productivity now revised to -0.6%. Private output, the BLS’s matching point in the BEA GDP series, was revised slightly higher to 0.86%. [...]
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