This one comes out quarterly.
Investors don’t care about it so the MSM correctly ignores it,
but . . . we are not talking stocks here.
You and I know productivty and wages are key to a healthy economy
For context, here is a productivity chart going back to 1947
(yes 1947)
Since the Liberation Day tariff announcement, US labor productivity has jumped 3.3% (annualized.) —> Mpre than TWICE the normal rate.
Wages are also up 1.5% more than inflation (annualized)
and once again it is ~TWICE the long-term average.
Wow.
If anyone can figure out how to do this on a long-term basis,
well,
that man should get a Nobel Prize in economics.
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When I go quiet and am furiously typing on my phone the wife knows Gaius has made another economics post and I am trying to figure out what it means 
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Well wages up and productivity up are each news.
Each of them are up vs inflation.
If the BLS released wage information separately and on a monthly basis it would probably be closely-watched, move markets, move voter sentiment etc..
The red box here shows a multi-decade period when
wages consistently grew faster than inflation and not by a small amount.
Among other things it shaped American thinking (a lot)
and to some degree, ever since then, many Americans have felt somehow deprived to be living in any other time.
In those days people did not need charts and graphs to know if “things are getting better.”
Things just plain got better every quarter, every year. No exceptions.
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is the productivity data normalized to per 40 hours? Could be that more people are working overtime if not. Makes sense in uncertain economic times employers are less apt to risk adding more employees as shown by the other BLS numbers.
From BLS
Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours worked by all workers, including employees, proprietors, and unpaid family workers. During the
current business cycle, starting in the fourth quarter of 2019, labor productivity has grown at an
annualized rate of 1.8 percent . . . reflecting . . . a 0.6-percent rate of growth in hours worked.
thx for digging that out, so it doesn’t have anything to do with employee count, the numbers would reflect things like automation.
Yes it would reflect things like automation.
And many people (including some noted professors) often make the mistake of assuming automation is the -primary- thing it reflects. (Cause taht is what the textbook taught them.)
In reality it reflects sales as much as anything else.
EX:
Ten men work on designing a game.
- If it sells 2 million copies they were twice as productive as if it sold only 1 million copies.