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economic output – XtremeCuztoms

Category: economic output

America’s Business Activity Slump Deepens as Manufacturing and Services Contract More Than Expected

Business activity in the United States fell in November for the fifth consecutive month, with the manufacturing and service sectors registering declines according to a recent report by S&P Global. The Flash US PMI Composite Output Index was at 46.3 in November, down from 48.2 at the beginning of the fourth quarter, according to a…


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…