U.S.| 3Q15 Productivity Reflects Slowdown in Output and Hours Worked
Published on Thursday, November 5, 2015 | Updated on Thursday, November 5, 2015
U.S.| 3Q15 Productivity Reflects Slowdown in Output and Hours Worked
Summary
Real output per hour increased 1.6% QoQ SAAR following a 3.5% gain in 2Q15. Hours worked declined for the first time since 3Q09, confirming slow demand conditions. Productivity growth will remain below pre-crisis rates as GDP holds well below 3.0%
Geographies
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- Global
Topics
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- Macroeconomic Analysis
Tags
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- Productivity
Authors
Kim Fraser
Amanda Augustine