{"id":4940,"date":"2022-08-07T17:30:00","date_gmt":"2022-08-07T23:30:00","guid":{"rendered":"https:\/\/drbobewell.com\/?p=4940"},"modified":"2022-07-23T16:59:34","modified_gmt":"2022-07-23T22:59:34","slug":"employment-up-productivity-down","status":"publish","type":"post","link":"https:\/\/drbobewell.com\/?p=4940","title":{"rendered":"Employment up, productivity down"},"content":{"rendered":"\n

I\u2019ve started reading a 70-word daily blog from economist Elliot Eisenberg<\/a>. Here\u2019s what he wrote on July 12, 2022. (It’s not an excerpt – the whole blog is only 70 words! Don’t say it: “Bob, can you get yours down to 70 words?!”) Anyway, back to Dr. Eisenberg:<\/p>\n\n\n\n

GDP in 22Q1 was -1.6% annualized, 22Q2 looks to come in at -2% annualized. Yet job growth in 22H1 was superb, averaging 456K\/month. How can this be? Are firms hoarding workers despite falling sales because bosses expect a mild downturn or because hiring is so tough? Maybe the GDP data will be revised up or employment data downwards. Otherwise, productivity must be sinking at 6%\/year which is historically unprecedented<\/em><\/p>\n\n\n\n

He calls it opposite observations. Employment up, productivity down<\/strong>. This raises an interesting question with respect to churches except we have no clear way to measure “productivity.” It should be in terms of \u201cfruit,\u201d which I have written about before<\/a>. Here’s a list of possible kinds of fruit (“how God can use me today”) from Mark Green’s book Fruitfulness on the Frontlines<\/a>:<\/p>\n\n\n\n