Briefing
Is There an Upward Trend in Productivity?
Abstract: Different productivity measures capture different structural forces, with utilization-adjusted TFP providing a clearer signal of underlying productivity. Trend productivity growth declined through the mid-2010s but has since increased across multiple measures. Recent data suggest continued growth in labor productivity, while TFP growth appears to be stabilizing.
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https://www.richmondfed.org/publications/research/economic_brief/2026/eb_26-36
Description: Briefing
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Richmond Fed Economic Brief
Publication Date: 2026-11-04
Volume: 26
Issue: 36