Labour productivity growth in the euro area and the United States: short and long-term developments

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Set 23 2024

Between the fourth quarter of 2019 and the second quarter of 2024 labour productivity per hour worked increased by 0.9% in the euro area, whereas it increased by 6.7% in the United States. Labour productivity growth in the euro area has historically lagged behind that in the United States, but the developments in the euro area since the start of the pandemic have been particularly weak.

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