The economy is shrinking, but more people are finding work - Vox

The economy is shrinking, but more people are finding work - Vox: "Those 569,000 net new jobs the economy added in the first quarter weren't runaway growth or anything, but it's a bit puzzling to see more people working in the context of less economic output.

As a mathematical matter, that means that productivity (i.e. output per worker) fell — fell by 1.7 percent to be precise. But qualitatively speaking it's a little difficult to see why that would be the case. What were all these new workers doing, in other words? These things happen. Vox hired a bunch of writers in March but didn't really start publishing until April. But I doubt we singlehandedly explain the trend."

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