Waning U.S. productivity growth threatens Canada’s economic health

The U.S. Labor Department recently reported that U.S. nonfarm business productivity—the goods and services produced for each hour worked by American workers—decreased at a 0.5 per cent seasonally adjusted annual rate over the period April-June 2016. This was the third consecutive quarter of falling U.S. labour productivity, the longest period of declining productivity in the U.S. since 1979. Moreover, average annual labour productivity growth was only 1.3 per cent from 2007-2015 which was  half the rate of growth from 2000-2007 and almost two-thirds lower than the productivity growth rates experienced in the late 1990s and early 2000s.Clearly, there has been

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