• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

US Labor Productivity Dives to Lowest in Nearly 75 Years

May 5, 2022 by Forex Winner Leave a Comment

Labor Productivity

Source: Bureau of Labor Statistics

Private-sector labor productivity opened the year with a 7.5% decline, marking the steepest dive in nearly 75 years. QQQ is down 4.34%, while SPY is down 3.12%.

  • The latest drop is the biggest decline in quarterly productivity recorded since the third quarter of 1947 when the reading fell by 11.7%.
  • The decline reflects the 2.4% drop seen in output, while hours worked increased by 5.5% and hourly compensation gained 3.2%.
  • Compared with the same quarter in 2021, labor productivity fell by 0.6%, as output fell by 2.3% while hours worked jumped by 4.8% and compensation by 6.5%.
  • Business productivity decreased by 7.7%% versus the previous quarter, and by 0.7% compared with the same quarter in the previous year.
  • Manufacturing increased by 0.7% from the previous quarter, and by 1.7% from the first quarter of 2021.
  • Durable manufacturing posted quarterly growth of 1.4%, while nondurable manufacturing increased by 0.5%.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News Tagged With: labor, Labor Productivity, USA

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

How to Predict Forex Movement?

November 30, 2022

The Red Dog Reversal: A Strategy for Day or Swing Trading

November 9, 2022

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Footer

Forex Broker Reviews

Binarycent

Binarycent Review

June 14, 2019 By Forex Winner

lqdfx

LQDFX Review

November 20, 2019 By Forex Winner

forex armor

Hantec Markets Review

January 22, 2020 By Forex Winner

Forex Robot Reviews

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

FxHT Daily Trend EA Review

FxHT Daily Trend EA Review

June 22, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure