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A <a href="https://www.cnbc.com/2018/02/01/us-preliminary-q4-2017-productivity.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=cnbc-us-preliminary-q4-productivity-down-01-vs-10-increase-expected-2705412" target="_blank" rel="nofollow" style="text-decoration-line: none;" target="_blank">recent CNBC article</a> outlined a fourth quarter decline of productivity in 2017, citing a shortage of workers as the obstacle to economic growth. Nonfarm productivity, which measures hourly output per worker, unexpectedly fell at a 0.1 percent annualized rate October through December. 

According to CNBC, &ldquo;Hours worked increased at a rate of 3.3 percent in the fourth quarter, the fastest in three years, after rising at a 1.2 percent pace in the third quarter. Unit labor costs, the price of labor per single unit of output, rose at a pace of 2.0 percent pace in the final three months of 2017 after slipping at a rate of 0.1 percent in the third quarter.&rdquo;

This is the weakest performance since the first quarter of 2016. 

<a href="https://www.cnbc.com/2018/02/01/us-preliminary-q4-2017-productivity.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=cnbc-us-preliminary-q4-productivity-down-01-vs-10-increase-expected-2705412" target="_blank" rel="nofollow" style="text-decoration-line: none;" target="_blank">Click here</a> to read the full article.

CNBC: US preliminary Q4 productivity down 0.1%, vs 1.0% increase expected

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CNBC: US preliminary Q4 productivity down 0.1%, vs 1.0% increase expected

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