“American productivity fell by the largest amount since 1960”

“US labor market productivity tanked in the third quarter. Paychecks grew and the number of hours worked jumped, but workers’ output increased only at a moderate pace.Revisions to the data that were initially published a month ago show that the productivity drop was even worse than feared, falling 5.2% on a seasonally adjusted basis. That’s the steepest decline in the quarterly rate since the second quarter of 1960 when productivity fell 6.1%…”

https://www.cnn.com/2021/12/07/economy/labor-productivity-third-quarter-revised/index.html