Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

US Posts 3rd Consecutive Quarter Of Negative Or Zero Growth YoY In Nonfarm Productivity

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

I admit, I was bummed when my beloved Cleveland Indians lost to the Chicago Cubs in extra innings in the 7th and final game of the World Series. The Curse of the  Billy Goat has been lifted in Chicago, but the Curse of Rocky Colavito remains in Cleveland.

But speaking of curses, US Nonfarm Business Sector Output Per Hour Of All Persons YoY was just released for Q3 2016.  It printed at … (drumroll) … 0% YoY. That is the third consecutive quarter of negative or zero growth YoY for Nonfarm productivity.

outputyoy

Nonfarm productivity did rise +3.1% QoQ in Q3. But YoY growth was 0%.

Perhaps the Department of Labor will ban Pokemon Go as the ultimate productivity killer.

pokemon-go-no-go-193800-194317

 

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.