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Federal Reserve Bank of Kansas City

Federal Reserve Bank of Kansas City

Regional Federal Reserve bank

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America's productivity rate doubles to 2% as economists debate the cause

New Capabilities

Published research challenging the AI-driven narrative

For most of the 2010s, American workers produced about 1% more output per hour each year. Since the third quarter of 2022, that figure has roughly doubled. The Federal Reserve confirmed this week that the 2% annual pace has now held for nearly four years.

Updated Yesterday