Bizarre is not a strong enough word. We've never seen productivity growth this strong headed into the fifth year of a business expansion.

It's as good as it gets. You've got low inflation, minimal wage pressure, great productivity, booming growth and strong demand.

Productivity and the growth of productivity must be the first economic consideration at all times, not the last. That is the source of technological innovation, jobs, and wealth.

We continue to believe that the underlying drivers of productivity growth are turning less favorable,

Low growth in GDP and a decline in productivity -- hours worked rose more than GDP -- implies margin compression and a sequential decline in operating profits.

Historically, in the U.S. and in other countries, periods of rapid productivity growth have been periods of strong employment growth.