Nonfarm Productivity

September 5, 2019 Non-farm productivity climbed 2.3% in the second quarter after having jumped 3.5% in the first quarter.   During the course of the past year productivity has risen 1.8%.  The 2.3% increase in the second quarter consists of a 1.9% increase in output...

Rising to Potential

August 10, 2018 There seems to be an emerging consensus that the combination of tax cuts passed last year, and Trump’s deregulation initiative might boost investment spending and GDP growth for an extended period. That has been our position since the tax cuts were...