We hear a lot about unemployment rates, the gross domestic product, business inventories and a variety of other economic indicators. But among the most interesting are productivity reports from the Bureau of Labor Statistics.
In essence, productivity data compares the value of goods and services to the amount of labor needed to produce them.
During the second quarter of this year, productivity in the nonfarm sector of the economy increased by 2.9 percent.
Our economy is growing, thanks to working Americans.