Productivity is rising in America but falling in the UK while the employment figures move in the opposite direction. Peter Day examines this productivity paradox.
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 II. 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.