Productivity drops can confirm other trends like rising wages and shortages of materials.
This has many economists predicting the economic pain of the pandemic will last long after the economy "recovers."
Low inflation is a sign that the recovery may be losing steam.
The unemployment rate is down, and more people are returning to the labor force. But finding a job isn't easy.
More Americans are returning to the labor market. But more are also joing the ranks of the long-term unemployed.
The adjustments smooth out predictable changes in employment, but the pandemic economy has broken them.
The Bureau of Labor Statistics said it might have been undercounting the number of workers classified as "unemployed on temporary layoff."
If you want to answer the second question, you’ve got to 'disaggregate' the data.