Productivity Picks Up
U.S. economic data has been sound this week, providing investors with good news amid a wave of conflicting headlines and market volatility.
Second quarter nonfarm productivity, released August 15, was an especially encouraging report. As shown in the LPL Chart of the Day, Nonfarm Productivity Picks Up, nonfarm productivity climbed 2.3% in the second quarter and 1.8% year over year.
Nonfarm productivity growth shows that U.S. companies are getting more output per employee, an important development in a late-cycle economy as productivity lifts gross domestic product (GDP) growth and keeps employer costs c... Read more