Dmytro Kharkov

Productivity runs at 3% with low labor costs, Cathie Wood notes

Productivity runs at 3% with low labor costs, Cathie Wood notes
Productivity growth remains strong at 3 percent

Cathie Wood, fund manager at ARK Invest, highlights data from a recent June webinar indicating that productivity growth is currently running around 3%, while unit labor costs stand at approximately 0.5%.

She adds that the core consumer price index from Truflation is near 1.3%. These figures challenge prevailing views supporting the inflation narrative in the U.S. economy.

Wood has previously discussed increased demand for bitcoin and digital assets as capital moves out of unstable countries, according to recent commentary. Earlier, she noted that ARK Venture Fund is tracking six companies with active IPO timelines, including SpaceX's major filing, as reported in a separate update. The fund manager continues to monitor macroeconomic indicators alongside developments in technology and capital markets.

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