Amherst Pierpont economist Stephen.....>

US TSY FLOWS: Amherst Pierpont economist Stephen Stanley said today's US nonfarm

business productivity "was unrevised in Q3 at a 3.0% annual rate. A small upward

adjustment to output was matched by a similar move in the hours worked measure.

Productivity growth has shown signs of a pulse this year for the first time in a

very long time, averaging 1.5% over the past four quarters, vs. the long-running

trend of about 0.5% seen since 2011." 

- He adds "we will see if that keeps up, but it is no coincidence that lighter

regulation and the prospect of a substantial corporate tax cut has been

accompanied this year by accelerations in business investment and in

productivity gains. Just what the doctor ordered for an economy that is getting

close to full employment (and thus does not need demand-side stimulus), but is

plagued by slow potential growth (and thus needs a supply-side boost)."