At least some of us were productivity optimists in the earlier days of pandemic recovery. There was some evidence of a productivity uptick in the period from the beginning of the pandemic, continuing to the fourth quarter of 2021. While productivity growth averaged just 1.0 percent from the fourth quarter of 2009 to the fourth quarter of 2019, growth averaged 2.3 percent in the two years from the fourth quarter of 2019 to the fourth quarter of 2021.   More

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