Is There an Upward Trend in Productivity?

Thomas Lubik and Jacob Titcomb
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Jacob Titcomb: https://www.richmondfed.org/research/people/titcomb

Richmond Fed Economic Brief, 2026, vol. 26, issue 36

Abstract: Different productivity measures capture different structural forces, with utilization-adjusted TFP providing a clearer signal of underlying productivity. Trend productivity growth declined through the mid-2010s but has since increased across multiple measures. Recent data suggest continued growth in labor productivity, while TFP growth appears to be stabilizing.

Keywords: Artificial intelligence; Economic Growth; Production and Investment (search for similar items in EconPapers)
Date: 2026
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