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Productivity and Compensation Growth Across Business Cycles

Created on July 17, 2013

Productivity and Compensation Growth Across Business Cycles

CHART 2

Productivity

Compensation (IPD-adjusted)

AVERAGE QUARTERLY PRODUCTIVITY GROWTH Note: Quarterly productivity is expressed in annualized rates. Source: Heritage Foundation calculations using data from the U.S. Department of Labor, Bureau of Labor Statistics, “Productivity and Costs,” http://www.bls.gov/lpc/data.htm (accessed June 15, 2013). Productivity and compensation are for nonfarm businesses and adjusted for inflation using the implicit price deflator.

 

B 2825

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