In a previous post I noted that while unemployment is low, productivity likely fell during the second quarter of this year. Now the data for the first half of the year is in. Productivity fell two quarters in a row, and at an unprecedented rate of minus 3 1/2%.
The worst economy on record?
The worst economy on record?
The worst economy on record?
In a previous post I noted that while unemployment is low, productivity likely fell during the second quarter of this year. Now the data for the first half of the year is in. Productivity fell two quarters in a row, and at an unprecedented rate of minus 3 1/2%.