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1Q2021 Preliminary Headline Productivity Improves A simple summary of the headlines for this release is that labor costs growth declined on a quarter-over-quarter basis whilst productivity improved. Analyst Opinion of Productivity and Costs The overall view this quarter is that nonfarm productivity is up 4.1 % from the same quarter one year ago while unit costs are up 1.6 %. Please note my productivity analysis at the end of this post which is at odds with the headline view. Doing a productivity analysis during a major recession or recovery period is a waste of time as productivity is obscure...

4Q2020 Final Headline Productivity Contracts A simple summary of the headlines for this release is that labor costs are growing and productivity is contracting on a quarter-over-quarter basis. Analyst Opinion of Productivity and Costs The overall view this quarter is that nonfarm productivity is up 2.4 % from the same quarter one year ago while unit costs are up 4.2 %. Please note my productivity analysis at the end of this post which is at odds with the headline view. Doing a productivity analysis during a major recession or recovery period is a waste of time as productivity is obscured by g...

4Q2020 Preliminary Headline Productivity Contracts A simple summary of the headlines for this release is that labor costs are growing and productivity is contracting on a quarter-over-quarter basis. Analyst Opinion of Productivity and Costs The overall view this quarter is that nonfarm productivity is up 2.5 % from the same quarter one year ago while unit costs are up 5.2 %. Please note my productivity analysis at the end of this post which is at odds with the headline view. Doing a productivity analysis during a major recession or recovery period is a waste of time as productivity is obscure...