QQQ - U.S. Productivity Growth Outpaces Eurozone U.K. On Supply Side Strength
2024-03-12 02:41:55 ET
Summary
- US labor productivity rose 2.6% in Q4, while eurozone productivity fell 1.2%.
- US labor productivity growth has been more than double that of the eurozone and UK in the past two decades.
- The US non-farm business sector has seen over 6% growth in output per hour worked since 2019, outpacing the eurozone and the UK.
For several years now, I have been writing about the growth in labor productivity that has been taking place in the United States and how this factor has contributed to the steady growth of the economy, even though growth has been coming in just a little over 2.0 percent....
U.S. Productivity Growth Outpaces Eurozone, U.K. On Supply Side Strength