Posts tagged Fortune
Worker productivity saw its biggest drop since 1947 in the first quarter—but experts say the headline figures don’t tell the whole story
May 9, 2022 // American workers’ productivity dropped sharply in the first quarter of 2022, notching the largest three-month decline since 1947. Non-farm productivity, which measures worker output against hours worked, sank 7.5% from January through March, the Bureau of Labor Statistics reported on Thursday.
The Bureau for Labor Statistics data only reported 16 strikes in 2021. A new database argues there were 14x as many
March 1, 2022 // Prior to 1982, the Bureau for Labor Statistics (BLS) reported on all work stoppages that involved at least six workers and lasted for a full shift or longer. Reagan-era budget cuts changed its methodology, and for the past four decades, the institution has only reported on work stoppages it considers “major” — those involving at least 1,000 workers.