US Productivity Growth
Is the Recent Productivity Boom Over?
By Daniel Wilson
Productivity growth has been quite strong over the past 2½ years, despite a drop in the second quarter of 2010. Many analysts believe that productivity growth must slow sharply in order for the labor market to recover robustly. However, looking at the observable factors underlying recent productivity growth and the patterns of productivity over past recessions and recoveries, a sharp slowdown appears unlikely.FRBSF on US productivity.» Read this Economic Letter
