How does remote work impact productivity according to the New York Federal Reserve survey of executives from August of 2022?

The May 2022 study suggests that workers who worked at least some of the time remotely reported being 9% more productive than those working from the office. This could be due to the flexibility remote work provides, allowing employees to optimize for what works best for them.

The Bureau of Labor Statistics report for Q2 of 2022 indicates that business labor productivity has decreased by 4.6% from the previous quarter. This decline in productivity has been observed across various sectors, with some exceptions. For instance, sectors that allowed remote work reported a 3.3% annual increase in output per hour. Additionally, a study conducted in May 2022 found that workers who had the flexibility to work remotely at least some of the time were 9% more productive than those working exclusively from the office.