Productivity Slips—Good News for the Jobless

Companies will need to increase hiring
Photograph by Ty Wright/Bloomberg

Americans’ productivity—that’s the value of their output per hour of work—fell in the first quarter. For people seeking work, that’s a good thing. It means companies have gone as far as they can in squeezing more work out of their existing workforce. To meet rising demand, they’ll have no choice but to hire.

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