Short-term US productivity moves do not signal trends

Productivity has been gyrating since the COVID-19 pandemic disrupted the US economy

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In this article

  • Labor productivity and TFP: similar but different
  • Shifting shares of output and employment
  • Lagged responses to demand changes
  • GDP or GDI
  • Disentangling this productivity puzzle

What is this?

This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.