A Squall Hits the Metaverse
"Productivity Crashes More Than Expected"The productivity of US workers in the third quarter of 2021 dropped at a rate of 5.2 percent, the Department of Labor said Tuesday."Economists had forecast productivity would decline by 4.9 percent."Unit labor costs soared at an annual rate of 9.6 percent in the third quarter of 2021, reflecting a 3.9 percent increase in hourly compensation and the decline in productivity."That was more than expected. Analysts polled by Econoday had forecast unit labor costs to rise 8.3 percent..."