by confoundedinterest17 Alarm! Even Joe Biden’s hate speech towards Republicans can’t mask the horrid inflation on his watch. As if Biden watches anything other than ice cream cones. On a YoY basis, US Productivity is down for the 3rd straight quarter (and 4th …
by confoundedinterest17 Slippin’ into darkness! US labor productivity output per hour declined -4.1% QoQ in Q2 while unit labor costs rose 10.2% QoQ.
by MN Gordon on Economic Prism: Recession. Raging consumer price inflation. A Presidential administration that seeks to confuse and obfuscate what’s really going on. These are the realities facing American workers in the dog days of August circa 2022. For …
Only the 11.7 percent decline in 1947 was worse than the 7.4 percent quarterly decline in 2022 Q1. If the BLS had one more year of data, then compared to a year ago, this would only be the second worst …
by confoundedinterest17 Here’s some simple Medusa math for you: negative growth + payroll gains = negative productivity. Negative productivity + high labor costs = very high unit labor costs. That’s not a pretty picture for the economy or for companies, and …
by confoundedinterest17 If this what the Biden Administration had in mind? Soaring labor costs at the same time that labor productivity is falling to its lowest level since 1960? Powell and the Gang’s monetary approach doesn’t seem to be working for …
by confoundedinterest17 The last time we saw US labor productivity out per hour this low was in 1981 when President Reagan inherited stagflation from President Jimmy Carter. As unit labor costs soar +8.3%. Any wonder that the 1% have been …
by Mac Slavo of SHTFplan In an interview with X22 Report Spotlight, a YouTube channel focused on economic news, Lior Gantz sits down to discuss the peak productivity and other problems rearing their heads in this economy. A recession is imminent, and since the United …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Powell, Draghi, Kuroda, et al.: Did ya see this NBER study? This is something we have seen since the Financial Crisis all around us: The concentration and consolidation of corporate market power in entire industries, largely …
Steve Jobs, the genius of modern times, is undoubtfully worth this title. And not because he created one of the most expensive companies in the world: we’ll see later that it was not money that made him move forward. During …
by Shaun Richards Overnight there have been some intriguing releases from the BIS or Bank for International Settlements, which if you were not aware is the central bankers central bank. The BIS has, although it would not put it like …
by Charles Hugh-Smith The only possible output of this system is extortion as a way of life. As the accompanying chart shows, productivity in the U.S. has been declining since the early 2000s. This trend mystifies economists, as the tremendous investments …
