U.S. Productivity and Unit Labor Costs

U.S. productivity grew at a slow pace of 0.3% in the first quarter of 2024, down from 3.5% in the previous quarter. Unit labor costs rose by 4.7% in the same period.

Economic Outlook and Inflation Predictions by BlackRock CEO Larry Fink

BlackRock CEO Larry Fink believes there will be higher inflation than most people expect, leading to increased wage inflation. He emphasizes the need for innovation, infrastructure growth, and job creation to support economic growth.