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Productivity averaging just 1.1% over past 2 yrs

Over time, GDP growth should equal population growth plus productivity growth. Thus, the quarterly productivity data is worth watching. Q2 Productivity rose 1.6% quarterly annualized after a .5% drop in Q1 as output growth of 2% was driven with only .4% of employee hours. Expectations were for a rise of 1.4% but because compensation per [...]

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