Output in the United States exhibited strong growth in 2023 and 2024, returning to its prepandemic trend. This comeback stands in contrast to the experience of many other countries—for example, output in Canada, the United Kingdom and the euro area still measures 4% to 6% below their respective prepandemic trends, as discussed in a May 2024 article by Francois de Soyres and others and a December 2024 article by Francois de Soyres and others. These authors argue that, relative to other countries, the United States has maintained higher rates of business dynamism. In this blog post, we delve deeper into industry-level output per worker—our measure of productivity—and discuss how industry-level dynamics played into the postpandemic recovery.