Economy is currently supercharging the productivity story, says Jefferies' David Zervos

Economic Growth and Unemployment - The decoupling of jobs and growth could impact markets [1] - US growth was 28% in 2023 and 29% in 2024 [2][3] - The unemployment rate rose from 35% to 38% in 2023 and from 38% to 41% in 2024 [3] - A 35% to 4% growth rate with unemployment at 5% by the end of 2026 is a possibility [9] Productivity and Technology - America is becoming more productive [2] - COVID-19 forced increased productivity with fewer people [4][5] - Remote work and getting the right people into the right jobs contributed to productivity [5] - AI's impact on job creation is uncertain, but new jobs may be required for content moderation [10][11] Future Outlook - The exciting part of this is that we are supercharging this productivity story [8] - Deregulation and tax changes from the new administration could enhance productivity [8] - The focus should be on looking ahead rather than dwelling on the past [7]