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By decomposing output, Gordon (2010) finds that changes in the relationship between output, hours and productivity contributed to jobless recoveries after 2000.
Hicks reasoned that with longer hours, output per hour would fall.
With higher working hours, labour output per hour fell.
And Europeans are quite productive, too: they work fewer hours, but output per hour in France and Germany is close to U.S. levels.
Productivity is the amount of output per hour worked.
Productivity is the amount of output per hour of work.
In recent months, stock prices have fallen or remained flat, reducing output per hour.
Productivity measures the average output per hour of the nation's workers.
Productivity has fallen in the UK: output per hour worked is lower even than in 2007.
During the four years from 2001 to 2004, output per hour increased at an annual rate of 3.5percentnt.
In the last quarter of 2012, output per hour actually fell, at an annual rate of 1.9percentnt.
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CEO of Professional Science Editing for Scientists @ prosciediting.com