Employment growth has consistently come in above pre-pandemic estimates of the rate needed for unemployment to stay near its long-run natural rate. Even so, unemployment has held steady, which raises ...
Over short time periods, such as a few quarters or a couple of years, productivity correlates very strongly with gross domestic product. Total output drives the market opportunity of companies. Total ...
The short run in economics refers to a period when at least one factor of production remains fixed, limiting a business’s ...
The economy contracted by 0.3% in the first quarter, according to the official report on GDP. Widespread worry about consumers and businesses postponing purchases and hiring decisions has led ...
Labor productivity—output per hour worked—drives long-run economic growth. Business leaders looking beyond the next two years will find that their companies’ fortunes are tied to the economy’s growth ...