I’m Clinton Griffiths with today’s AgDay Minute.

US productivity has sunk to levels not seen in years. The US Bureau of Labor Statistics reported that productivity dropped 5.2 percent in the third quarter. That’s the steepest decline in a quarterly rate since the second quarter of 1960. Labor costs, meanwhile, climbed at an annual rate of 9.6 percent. Economists say that even with the drop in productivity for the third quarter, productivity is expected to increase for the year.

There’s a recall of more than 230 thousand pounds of pork to tell you about. ‘Alexander and Hornung’ announcing the recall of 17 processed meat products, including a variety of spiral sliced ham, uncured ham, and ham steaks. The company says it is concerned the items may have been exposed to listeria. No sicknesses have been reported, and there’s no evidence the products were contaminated, but it’s being cautious.

The pandemic may have widened the wealth gap between the rich and the poor. The ‘World Inequality Lab’ published a report that says global billionaires last year saw the biggest jump in wealth since 1995. It says billionaires’ net worth grew by more than 3.6 trillion dollars total in 2020. But the World Bank says the pandemic pushed about 100 million people into extreme poverty. Researchers say even more people would have fallen into poverty had many nations not provided relief.

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