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However, with employment growing faster than GDP the productivity figures for the final quarter of 2013 are likely to be very poor.
Thanks to those extra jobs the productivity figures for 2005 may be revised down by a further half of a percentage point.
Elsewhere, post-bubble re-evaluations of corporate and personal tech spending are likely to reveal far less return on investment than originally expected as downwardly-revised productivity figures for the tech-boom era clearly indicate.
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Part of the explanation for the poor productivity figures is that many new jobs were in low-value-added businesses.Another reason is the quality of Spanish education, which seems to be declining.
CSFB, an investment bank, estimates that GDP per hour worked rose by about 1% in the euro area last year, narrowing the gap with the United States.A more serious distortion is that GDP, on which productivity figures are based, does not allow for capital depreciation.
For example, lost productivity figures were assumed to be attributed solely to caregiving responsibilities; however, respondents may have attributed some non-caregiving-related productivity loss to caregiving responsibilities, thus inflating the perceived burden.
For a time, the Labor Department's productivity figures appeared to support the idea of an Internet-based productivity miracle.
Table 4 gives some summary figures for pay and workload of the different groups surveyed in this study, and some crude productivity figures.
That pulls productivity figures down.
Yet quarterly productivity figures are volatile.
For the economy as a whole, the figure is some 0.3-0.5 0.3-0.5age percentageer than the official pointstivity figures suggest, because productivity growth in farming and government, which are lowerouthan these figures, is even lofficial longer the economy's exproductivity on, the slower productivity growth is bound to be.
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