Labor Warning, First Quarter Productivity Drops 7.5 Percent, Largest Decrease Since 1947

“Outputs, what was created, dropped 2.4 percent, yet labor hours used to create those outputs increased 5.5 percent.   This creates a productivity drop of 7.5% for the overall business.  The largest quarterly drop in productivity since 1947.”

Labor Warning, First Quarter Productivity Drops 7.5 Percent, Largest Decrease Since 1947 – The Last Refuge (theconservativetreehouse.com)

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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