From the WaPo's Catherine Rampell:
For first time on record, YoY productivity change has remained negative for five consecutive quarters; this series began in 1948.https://t.co/8nydO8Wulb pic.twitter.com/pdHjpPFDjD
— Catherine Rampell (@crampell) June 1, 2023
among other things, this trend does not bode well for our longer-term fiscal & economic outlooks, which lawmakers profess to care so much about right now amid the debt-limit fight.
— Catherine Rampell (@crampell) June 1, 2023
....MORE (thread)