The Weekly Wrap: Americans Worked Longer But Not Smarter
Welcome back to Friday! This is the Breitbart Business Digest weekly wrap, where we review a selection of the economic and financial events of the past week without incurring any unnecessary labor costs or burning excess petroleum.
This week, the Department of Labor confirmed Americans worked just as much as they thought last quarter but didn’t get as much done. Employers might not be getting peak output, but they don’t dare fire anyone in this tight market. That made some Republicans glum—or maybe it was just the high oil prices. Meanwhile, Fed officials floated the idea of punishing Americans with higher rates just because we’ve been paying too much for gasoline.
Unproductive Revisions
The Bureau of Economic Analysis and Labor Department data showed that Americans were a bit less productive at the end of last year than previously thought.
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