Category: economic output

America’s Business Activity Slump Deepens as Manufacturing and Services Contract More Than Expected

November 24, 2022
Business & Marketsbusiness activityeconomic outputeconomyindustrial outputManufacturing IndustryrecessionU.S. economic growthUS
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Business activity in the United States fell in November for the fifth consecutive month, with the manufacturing and service sectors registering declines according to a recent report by S&P Global. The Flash US PMI Composite Output Index was at 46.3 in November, down from 48.2 at the beginning of the fourth quarter, according to a…

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US Labor Productivity Suffers Biggest Drop on Record in the Second Quarter of 2022

August 9, 2022
Business & Marketseconomic outputeconomic policieseconomyinflationlabor productivityPolicies & ImpactsrecessionUSUS News
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U.S. non-farm labor productivity sank 4.6 percent, at a seasonally adjusted annual rate, in the second quarter of 2022, 3 percent below the decline in the previous quarter, according to a U.S. Bureau of Labor Statistics report on Aug. 9. U.S. non-farm business output, which is about 75 percent of U.S. gross domestic product (GDP), decreased…

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Net Zero to Bring Down Employment and Economic Output: Report

January 31, 2022
Australiaeconomic outputnet zero 2050unemplomentWorld
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A new report has found that hundreds of thousands of jobs will evaporate in parts of Australia if the country cannot meet the requirements set by its emission-busting trading partners. Researchers Toby Phillips and Warwick Smith, from the Centre for Policy Development, an independent policy institute, published detailed modelling on Jan. 31 that found if the…

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