https://fred.stlouisfed.org/series/OPHNFB# https://fred.stlouisfed.org/series/OPHNFB# The last big bump came after the great recession. Labor got squeezed out

https://fred.stlouisfed.org/series/OPHNFB# https://fred.stlouisfed.org/series/OPHNFB# The last big bump came after the great recession. Labor got squeezed out by necessity. This time, it's almost like the reverse. We worked drastically less hours right at the beginning, but output didn't fall in lockstep. Productivity increased, but has dragged its feet since more and more people reenter the workforce. If you zoom out, the pace looks on track with the overall trend before COVID, so perhaps it's just a neutral outcome with no major takeaways.