rent increases have slowed in recent months in multiunit developments will help on the supply front in housing
services prices may prove to be a persistent factor keeping inflation higher
growth in labor costs remain well above pre-pandemic rates
growth in labor productivity has been lackluster in the US economy and around the world
productivity growth is disappointing
recent decline in productivity is an artifact of the pandemic. Consumers shifted from low productivity services to high permittivity goods during the pandemic. That is reversing now
inflation is tied to productivity
if there is a productivity revival it would likely be driven by manufacturing
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