'Bad to Worse': Productivity Sinks to Post-Pandemic Low

'Bad to worse': productivity sinks to post-pandemic low

Poor productivity is bedevilling the Australian economy, with levels heading in the wrong direction for Treasurer Jim Chalmers.

‘Bad to worse’: productivity sinks to post-pandemic low

Australians are working longer hours but it’s not showing up on the productivity scoreboard as levels tumble to a post-pandemic low. The Productivity Commission’s quarterly bulletin reinforces the scale of the challenge confronting Treasurer Jim Chalmers. Breaking down Australian Bureau of Statistics data, the report highlights labour productivity fell by 0.6 per cent in the March quarter while hours worked grew by 0.9 per cent. In the year to t…