– US Productivity Suffers First Consecutive Quarterly Plunge Since 1993 (ZeroHedge, May 6, 2015):
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 geat news…
working more… making less.