U.S. Productivity Suffers First Consecutive Quarterly Plunge Since 1993

Posted: May 6, 2015 in Economics

Well this cannot be good. US output per hour (for the non-farm businesses) – or non-Farm productivity – plunged 1.9% in Q1. This follows a 2.1% slump in Q4 2014 and is the first consecutive quarterly plunge since 1993. This was driven by a 0.2% decline in output as hours worked increased 1.7% with manufacturing productivity suffering a 1.1% drop in Q1 (driven by a 1.2% decline in output).

Must be great news…

working more… making less.

Charts: bloomberg

Source: [Zero Hedge]

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