Over the past five years, has the productivity growth of the U.S. labor force been higher or lower than the average of the past 50 years?
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Over the past five years, the productivity growth of the U.S. labor force has been 58% below the average of the past 50 years. For as far back as this data extends (1947), this is the lowest it has been in any period except for 1977 to 1982. Per the U.S. Bureau of Labor Statistics, productivity growth affords people "a higher standard of living and quality of life."
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