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After a huge burst in productivity growth at the beginning of the pandemic, productivity among U.S. workers in the non-farming sector took its deepest plunge in 48 years this year.
The US labour markets are even more constrained than the current 3.5 per cent unemployment rate indicates, according to new economic research that argues declines in the number of hours employees want to work were reinforced by the pandemic and are set to continue, , united states, labour force
By Howard Schneider and Ann Saphir JACKSON, Wyo. (Reuters) - U.S. labor markets are even more constrained than the current 3.5% unemployment rate indi.