Key Takeaways from Chart 5 and Commentary Just as the performance of a stock market index reflects the weighting and performance of its underlying stocks, the aggregate productivity of the economy reflects the weighting and…
Tag: productivity
Chart 4: The Decline of US Manufacturing
Key Takeaways From Chart 4 and Commentary From a peak of 19.5 million jobs in 1979, manufacturing declined by 38% to 12.2 million at the end of 2020. As a share of private employment, manufacturing…