生产率高涨，或是就业市场遇冷的另一重注解

Core Insights - The significant rise in productivity is a key factor in understanding the current trends in the U.S. economy [1][4] - Companies are heavily investing in artificial intelligence while slowing down hiring, leading to the fastest productivity growth in two years [1][4] - The GDP growth is no longer reliant on a large labor input, allowing economic growth without increased labor effort [1][4] Productivity and Economic Growth - The annualized growth rate of output per hour for U.S. workers reached 4.9% in the third quarter, matching the peak level of 2023 [1][4] - Over the past six months, the average productivity increase has been 4.5%, which is considered "unquestionably good news" [1][4] Employment and Labor Market Dynamics - Despite a GDP growth rate of 4.3%, job growth remains weak [5][6] - Companies are signaling a halt in hiring while still achieving business growth, indicating a potential economic and social dilemma [7] - The productivity gains may exacerbate the weakness in the job market, widening the K-shaped economic divide [7] - The trend of companies achieving growth while reducing staff may become a new norm if AI efficiency leads to lower labor costs and higher profits [7] Economic Outlook - The continuous support of productivity for economic growth suggests that previous recession predictions may not materialize [7] - However, there is concern that American workers are being marginalized as companies limit new hiring to control costs [7]