Today the BLS released Labor Productivity and Costs for 2023 Q1. Let’s take a look.Labor Productivity Details   Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours worked by all persons, including employees, proprietors, and unpaid family workers.  Nonfarm business sector labor productivity decreased 2.7 … Continue reading Year-Over-Year Productivity Negative for 5 Quarters, That’s Never Happened Before