Briefing
Forecasting U.S. Productivity
Abstract: Trend aggregate labor productivity and TFP growth are expected to increase over the rest of the decade. The three largest subsectors of the service economy — namely professional business services; finance, insurance and real estate; and education and health care — are expected to continue growing in the medium term, and their idiosyncratic productivity is expected to play an increasingly important role in aggregate productivity.
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https://www.richmondfed.org/publications/research/economic_brief/2025/eb_25-30
Description: Briefing
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Richmond Fed Economic Brief
Publication Date: 2025-08-06
Volume: 25
Issue: 30