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In Business: Productivity Puzzle

Factual

04/04/2013

Productivity Puzzle

BBC Radio 4 - In Business, Productivity Puzzle

Peter Day explains the UK economy's productivity puzzle and why it matters.

The UK economy is in a quandary: employment is rising, but the productivity of its workforce is not. Behind the numbers, Peter Day tries to explain this puzzle and why it matters.

Something strange is happening to the economy. In Britain, recession is not hitting the total number of people in employment, which means that the nation's vital productivity rate is falling. In the USA, productivity has gone on rising, detaching itself from the rise in jobs for the first time since World War Two. Behind the figures, Peter Day has been trying to find out what's going on and why it matters to a country's standard of living.

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