• 4 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 7 minutes Countries with the most oil and where they're selling it
  • 10 minutes Stack gas analyzers
  • 13 minutes What Would Happen If the World Ran Out of Crude Oil?
  • 18 mins US Military Spend at least $81 Billion Protecting OPEC Persian Gulf Oil Shipping Lanes (16% DoD Budget)
  • 10 mins Climate Change Protests
  • 2 mins U.S. Refiners Planning Major Plant Overhauls In Second Quarter
  • 15 hours Oil at $40
  • 3 mins "Undeniable" Shale Slowdown?
  • 12 hours Mueller Report Brings Into Focus Trump's Attempts to Interfere in the Special Counsel Investigation
  • 18 hours Trudeau Faces a New Foe as Conservatives Retake Power in Alberta
  • 8 hours Ecoside
  • 6 hours Japan’s Deflation Mindset Could Be Contagious
  • 17 hours Gas Flaring
  • 17 hours Negative Gas Prices in the Permian
  • 21 hours Not Just Nuke: Cheap Solar Panels Power Consumer Appliance Boom In North Korea
  • 21 hours Haaretz article series _ Saudi Arabia: A Kingdom in Turmoil | Part 1 - Oil Empire

What is up with the gdp-less recovery?

That is what people are calling it, although I would not use that term.  Jon Hilsenrath has the best overview I have seen, here is one excerpt:

Robert Gordon, a Northwestern University professor who tracks productivity closely, says he sees “clear signs everywhere” that a productivity slowdown is happening. Last year, productivity—measured as the output of workers for every hour they work—grew just 0.4% and has grown at a 0.9% annual rate over the past seven quarters. Productivity did spurt higher in 2009—during this stretch of fear-induced firing—but over a longer stretch it shows additional signs of slowing. Worker productivity has grown at an annual rate of 1.7% since 2004, down from 2.6% growth in the decade before that.

Mr. Gordon agrees with Ms. Romer’s overfiring story. But he says the longer-run threat to productivity shouldn’t be overlooked. “The productivity numbers have been dismal,” he says. That is an explanation this fragile economy can do without and that policy makers shouldn’t ignore.

To view the full article please click here.



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News