Boom Goes the Productivity!
Productivity is surging in America, which will likely mean subdued inflation even while wages rise and rapid economic growth continues.
The government confirmed on Thursday that productivity rose at an annualized rate of 4.9 percent in the third quarter of last year and 4.1 percent in the second quarter, matching the earlier estimates. That makes the first two full quarters of Trump’s presidency the best two consecutive quarters since, well, since the last time Trump was president.
President Donald Trump takes the stage to speak at a rally on January 27, 2026, in Clive, Iowa. (Win McNamee/Getty Images)
The numbers actually understate the remarkable upward shift in productivity. Back during the pandemic, productivity spiked because millions were laid off.
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