US labor market productivity fell dramatically in the third quarter of the year, dropping to its lowest level in 40 years. It sounds terrible. But there are plenty of reasons it might not be a bad sign for the nation's economic outlook.
New York US labor market productivity fell dramatically in the third quarter of the year, dropping to its lowest level in 40 years.
That sounds terrible. But there are plenty of reasons it might not be a bad sign for the nation's economic outlook. To be sure, the recovery stumbled between July and September under the sudden threat of the Delta variant, which weighed down productivity. Worse, the supply chain chaos, which is yet to be resolved, held back production across various sectors.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Earthquake, Magnitude 2.8 - CROATIA - 2021 November 04, 08:40:30 UTCM2.5 earthquake (potres) strikes 29 km S of Zagreb - Centar (Croatia) 5 min ago. Read eyewitnesses' stories & share yours:
Read more »
Shiba Inu price down as 'whale' moves 40 trillion tokens between walletsThe cryptocurrency recorded a big rise in October, but more than 70 percent of its tokens are owned by just 10 investors known as 'whales.'
Read more »
Why is U.S. customs law helping Amazon and China, and not U.S. manufacturers and retailers?OPINION: The de minimis customs rule allows Chinese producers to ship directly to consumers, thus avoiding U.S. tariffs, taxes and oversight, and giving them an unfair advantage over U.S. producers and retailers.
Read more »
WSJ News Exclusive | EQT’s Real-Estate Unit Selling U.S. Industrial Portfolio in $6.8 Billion DealThe real-estate unit of the private-equity giant has sold a portfolio of real estate to a group led by an Asian sovereign-wealth fund in one of the largest deals ever for U.S. industrial property.
Read more »
Blackpink’s Lisa Scores The First Top 40 Hit Among K-Pop Acts On Billboard’s R&B/Hip-Hop ChartThree weeks into its time on the Hot R&B/Hip-Hop Songs chart, Lisa’s “Money” has become a proper hit single.
Read more »