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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.


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.



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