The Stag In Stagflation! Non-farm Productivity In Q1 Grew At A Measly 0.3% Annuaized While Unit Labor Costs Soared 4.7%
by confoundedinterest17 Fed Chair Powell yesterday said he doesn’t see the “stag” in stagflation. Really? Well, in Q1 in the US… it failed to show up as non-farm productivity – or nonfarm employee output per hour – rose at a measly 0.3% annualized rate after an upwardly revised 3.5% gain in the prior period (well below expectations)… Source: …