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In an article that appeared on March 19 in the online version of the Washington Post, writer Peter Whoriskey cites work coauthed by Susan Houseman and three economists from the Federal Reserve on the uncertainty of the statistics used to gauge the nation's productivity. Speaking about the accuracy of the numbers, Houseman is quoted as saying “The reality is a lot more complex, and not as flattering.”
Read the article "Economists offer more pessimistic view on manufacturing in upcoming report."
Read the paper "Offshoring Bias in U.S. Manufacturing," by Susan Houseman, Christopher Kurz, Paul Lengermann, and Benjamin Mandel.