Hard Landing Scenario Becomes More Real Amid Lower Productivity Numbers

With eyes on jobs, wages, and inflation, it’s easy to forget how much impact productivity — the effort and cost that goes into a unit of work — can have on the economy.

The latest numbers that came out Thursday, May 2, showed a 0.3% month-over-month increase in productivity and a 2.9% year-over-year increase for the first quarter of 2024.