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Author Topic: US Productivity Declines For 3rd Straight Quarter While Unit Labor Costs Rose 7.60% YoY, Fastest Sin  (Read 559 times)

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Online mystery-ak

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US Productivity Declines For 3rd Straight Quarter While Unit Labor Costs Rose 7.60% YoY, Fastest Sin
« on: November 03, 2022, 01:51:25 pm »
Alarm! US Productivity Declines For 3rd Straight Quarter While Unit Labor Costs Rose 7.60% YoY, Fastest Since 1982

   November 3, 2022   

Alarm!

Even Joe Biden’s hate speech towards Republicans can’t mask the horrid inflation on his watch. As if Biden watches anything other than ice cream cones.

On a YoY basis, US Productivity is down for the 3rd straight quarter (and 4th quarter of the last 5).



On the mirror image of productivity, unit labor costs rose 3.5% QoQ (a notable slowing from the 8.9% QoQ growth in Q2). This was the 6th quarter in a row of rising unit labor costs (but was less than the +4.0% QoQ expected)…

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https://confoundedinterest.net/2022/11/03/alarm-us-productivity-declines-for-3rd-straight-quarter-while-unit-labor-costs-rose-7-60-yoy-fastest-since-1982/
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Offline GtHawk

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Re: US Productivity Declines For 3rd Straight Quarter While Unit Labor Costs Rose 7.60% YoY, Fastest
« Reply #1 on: November 03, 2022, 10:50:58 pm »
Another Brandon achievement, will he blame this on Putin too?
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