Category: economic output

US Labor Productivity Suffers Biggest Drop on Record in the Second Quarter of 2022

U.S. non-farm labor productivity sank 4.6 percent, at a seasonally adjusted annual rate, in the second quarter of 2022, 3 percent below the decline in the previous quarter, according to a U.S. Bureau of Labor Statistics report on Aug. 9. U.S. non-farm business output, which is about 75 percent of U.S. gross domestic product (GDP), decreased…


Net Zero to Bring Down Employment and Economic Output: Report

A new report has found that hundreds of thousands of jobs will evaporate in parts of Australia if the country cannot meet the requirements set by its emission-busting trading partners. Researchers Toby Phillips and Warwick Smith, from the Centre for Policy Development, an independent policy institute, published detailed modelling on Jan. 31 that found if the…