How Inflation Jump Skews Short-Term GDP, Labor, Trade Metrics
investigativeeconomics.substack.com
In the first quarter of 2022, U.S. productivity dropped as real gross domestic product (GDP) fell for the first time since the beginnings of the pandemic. A May Bloomberg story attributed the drop, the “largest since 1947,” to an increase in labor costs and a growing trade deficit.
How Inflation Jump Skews Short-Term GDP, Labor, Trade Metrics
How Inflation Jump Skews Short-Term GDP…
How Inflation Jump Skews Short-Term GDP, Labor, Trade Metrics
In the first quarter of 2022, U.S. productivity dropped as real gross domestic product (GDP) fell for the first time since the beginnings of the pandemic. A May Bloomberg story attributed the drop, the “largest since 1947,” to an increase in labor costs and a growing trade deficit.