9-6-22: U.S. Worker Productivity Shows Largest Ever Annual Drop in Second Quarter
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 7 September 2022
⏱️ 47 minutes
🧾️ Download transcript
Summary
By the numbers, productivity fell at a 4.6% annualized rate, the steepest pace since 1948, while growth in unit labor costs accelerated.
Steve's Talking Points: Will Volkswagen spin-off Porsche in an IPO?, What's going on with Bitcoin?, If we do build more EVs, we'll need a lot more lithium; TRIVIA question: "What percentage of Americans shop at Costco? AND-- if you had invested $1,000 at that adjusted IPO price, and retained all shares, HOW MUCH would that be worth today?"
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Transcript
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| 0:00.0 | This is Invest Talk, independent thinking, shared success. |
| 0:09.0 | Just and client and Steve Peasley, stand ready to take your finance and investment questions |
| 0:14.2 | and share their unbiased answers. |
| 0:18.0 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm, serving |
| 0:23.3 | clients throughout the United States. |
| 0:26.2 | The clarity for your path forward starts now. |
| 0:30.6 | Here is KPP Financial President, Financial Advisor, Steve Peasley. |
| 0:36.6 | Good afternoon everybody and welcome to Invest Talk. |
| 0:40.4 | It is Tuesday, September 6, 2022 and of course yesterday was Labor Day and that means summer |
| 0:49.2 | is just about done, right? |
| 0:51.2 | We're going to have to say goodbye to summer. |
| 0:53.7 | So we're going to be moving into fall season even though here in Southern California this |
| 0:57.6 | is the hottest week and last week and this week is the hottest two weeks we've had all summer |
| 1:02.7 | by far. |
| 1:03.7 | We're getting a tropical storm coming up the coast of Baja and it's bringing with it humidity. |
| 1:09.8 | I hope, I don't mind the humidity as long as it brings some rain so far it hasn't done |
| 1:14.0 | so. |
| 1:15.0 | No rain. |
| 1:16.0 | Just hot and humid. |
| 1:17.0 | I don't like that at all. |
| 1:19.0 | That's what it is about here. |
| 1:20.0 | You got to pay attention to your money everybody. |
... |
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