Critical government reports on the nation’s productivity growth appear to have the same seasonal problems that CNBC uncovered in the gross domestic product data.
Looking over a 30-year period, CNBC found first-quarter productivity runs nearly a full percentage point below the average for the economy. Productivity is a measure of output per hour, or efficiency, and is a critical data series looked at by policymakers to judge economic health.
“The most important factor determining living standards is productivity growth,” Fed Chair Janet Yellen said in a speech last week. “Here the recent data have been disappointing.”
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.