Americans become less productive, a risk to U.S. economy: NPR

STORY: Americans become less productive, a risk to U.S. economy: NPR DATELINE: Oct. 12, 2022 LENGTH: 0:01:26 LOCATION: NEW YORK, U.S. CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. STANDUP (English): XIA LIN, Xinhua correspondent 2. various of local residents on the street in New York City STORYLINE: STANDUP (English): XIA LIN, Xinhua correspondent "The U.S. workforce is not as productive as just a year ago, and this could in the end have a profound effect on the country's well-being, the National Public Radio (NPR) cited economists. This year, U.S. productivity is down 4.1 percent on an annualized basis, the biggest decline since the government started keeping track of the number back in 1948. Since then, it had been on a steady upward slope. Until now. Nearly 20 million people were laid off in a matter of weeks as the pandemic took hold, regardless of whether they had strong work ethics, good performance or loyalty to a company. Then the economic winds shifted just months later, and companies wer

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• ILEA001026454

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• 2022/10/12 00:00:00

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• Xinhua / Kyodo News Images

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