Hillary Clinton Cheers Obama’s Progress??? What Progress???
(Business Insider) From 2011-2015 the government’s official labor productivity measure shows only a 0.4% annual growth in output per hour of work. That is the lowest for a 5 yr span since 1977-1982 and far below the 2.3% average since the 1950s — Productivity has flattened and without fast rising productivity growth, one is not going to get fast rising living standards.
In related anemic economic news, on Friday, the Dept of Commerce reported home-ownership rates fell to the 3rd lowest on record while also reporting last week, the nation’s anemic economy is stalling, growing at a mere 0.5% annually, the slowest pace in two years.
On the 01 April, I wrote here that 93.4 Million Americans were out of the labor force in March and manufacturing jobs declined by 29,000 from a month earlier according to data released by the Dept of Labor Bureau of Labor Statistics.
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