The measure of output per hour worked. If more output is produced, prices may be lower of the product. The higher the productivity, the better the economy. It is considered the most accurate gauge of overall business health.
Nonfarm Productivity
Related Terms
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GDP stands for Gross Domestic Product. GDP is the total value of the goods and services produced in a country over a specified period. It is one of the most comprehensive and closely watched...
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The Employment Situation report provides insight into the U.S. job market such as the monthly change in nonfarm payrolls and the unemployment rate.
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The NFIB Small Business Optimism Index is a monthly report that gauges the sentiment of small business owners in the United States.
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Gross national product (GNP) is the market value of all the final goods and services produced by a country’s residents in a given year.
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A binary option is a type of options contract in which the payout will depend entirely on the outcome of a “Yes or No?” or “True or False” proposition. Don’t be intimidated! Its name may sound complicated, but binary options are arguably a simpler way to trade than traditional options or currencies. Just like traditional […]