Profound Productivity

The best current economic trend is rising labor productivity. After sinking from 22Q2-24Q2, it recently posted the best two quarters since mid-2010! Part of me is skeptical as job growth has recently been in education, leisure & hospitality, and healthcare, not sectors prone to productivity improvements. However, low unemployment, rising wages, and more digital tools, may be cajoling employers to redesign jobs. This will reduce inflation and boost living standards.