After a recession-signalling three straight quarters of decline, Q3 preliminary productivity data showed a huge 3.1% surge QoQ - the biggest jump since Q3 2014. However, the jump was not enough to regain annual gains as year-over-year productivity declined 0.04%. This is the first consecutive annual decline since 1993.
After the longest streak of declines since 1979, US productivity surged in Q3...
But YoY a second consecutive decline...
Something that has not happened since 1993... but it's probably nothing.
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