Weekly Economic Release Summary: Productivity Is Not What It Is Cracked Up To Be

1 month ago DieselGasoil Comments Off on Weekly Economic Release Summary: Productivity Is Not What It Is Cracked Up To Be

[shortened version by dieselgasoil news]

This past week, the Bureau of Labor Statistics (BLS) released productivity and costs for 2Q2019. The bottom line was that the year-over-year productivity growth slowed. My view of productivity is very different from the headline view. Productivity calculations are complicated –  far too complicated  for