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Is US labour market resilience about to crumble?

Revised numbers confirm that US GDP fell by 0.6% (1.1% annualised) between Q4 2021 and Q2 2022*. Hours worked in the private sector economy, meanwhile, climbed 1.1% (2.2% annualised) over the same period. What explains this disconnect and how long can it continue? The ”explanation” here is that economy-wide productivity was pushed far above trend […]
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Is US labour market resilience about to crumble?

Revised numbers confirm that US GDP fell by 0.6% (1.1% annualised) between Q4 2021 and Q2 2022*. Hours worked in the private sector economy, meanwhile, climbed 1.1% (2.2% annualised) over the same period. What explains this disconnect and how long can it continue? The ”explanation” here is that economy-wide productivity was pushed far above trend […]
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Is US labour market resilience about to crumble?

Revised numbers confirm that US GDP fell by 0.6% (1.1% annualised) between Q4 2021 and Q2 2022*. Hours worked in the private sector economy, meanwhile, climbed 1.1% (2.2% annualised) over the same period. What explains this disconnect and how long can it continue? The ”explanation” here is that economy-wide productivity was pushed far above trend […]
Read More
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Is US labour market resilience about to crumble?

Revised numbers confirm that US GDP fell by 0.6% (1.1% annualised) between Q4 2021 and Q2 2022*. Hours worked in the private sector economy, meanwhile, climbed 1.1% (2.2% annualised) over the same period. What explains this disconnect and how long can it continue? The ”explanation” here is that economy-wide productivity was pushed far above trend […]
Read More

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