2 ms·
It appears we are on trend after correcting for the pandemic bubble. During the pandemic output fell but hours worked fell much more. More productive industries
by twobitshifter 4y ago
It appears we are on trend after correcting for the pandemic bubble. During the pandemic output fell but hours worked fell much more. More productive industries made up a bigger proportion of the non farm labor.
https://fred.stlouisfed.org/series/OPHNFB https://fred.stlouisfed.org/series/OPHNFB
Look at a 5 yr view to see it clearly.