The Macro Minute with Darius Dale
42 Macro
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Is US productivity growth still booming?
We focus on whether the recent slowdown in US productivity growth undermines 42 Macro’s long-term “Productivity Boom” thesis. Darius argues that while Q1 Nonfarm Productivity data came in weaker than expected, the decline in Unit Labor Costs suggests the slowdown is likely temporary rather than structural.
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