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Friday, December 30, 2011

Something Positive for the New Year

An ugly (yet improving) chart shows the number of hours worked per person...

Which, when combined with real GDP leads to a new high in GDP per "man hour".

We have never been more productive with our labor in our history than now (because this is meant to be a positive for the New Year, I won't get into detail why this is also a result of outsourcing labor to emerging countries which has been a horrible policy move IMO).

Source: BLS / BEA