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itsmeeeeeee · 02-06-2008, 07:49 AM

Title
Worker productivity slows sharply

Link
Worker productivity slows sharply - Yahoo! News
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Excerpt

Worker productivity slows sharply

By MARTIN CRUTSINGER, AP Economics Writer 2 minutes ago

WASHINGTON - Worker productivity, the key factor in rising living standards, slowed sharply in the final three months of the year while wage pressures increased.
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The Labor Department reported Wednesday that productivity, the amount of output per hour of work, increased at an annual rate of 1.8 percent in the October-December quarter, down from a 6 percent performance in the July-September period. The slowdown reflected the fact that overall economic activity weakened considerably in the final three months of last year.

Labor costs rose by 2.1 percent in the final three months of the year, after having fallen by 1.9 percent in the third quarter and 1.1 percent in the second quarter.

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Comment:

another brick in the wall!

come on, tell me we're not IN a recession!

02-06-2008, 07:49 AM	#1 (permalink)
itsmeeeeeee punk nun Mahjong Connect Champion! Join Date: Nov 2007 Location: 53 miles west of venus Posts: 4,267 My Mood: Blog Entries: 3 Thanks: 262 Thanked 820 Times in 494 Posts Nominated 13 Times in 6 Posts TOTW/F/M Award(s): 0	Worker productivity slows sharply Title Worker productivity slows sharply Link Worker productivity slows sharply - Yahoo! News ----------------------------------------------------- Excerpt Worker productivity slows sharply By MARTIN CRUTSINGER, AP Economics Writer 2 minutes ago WASHINGTON - Worker productivity, the key factor in rising living standards, slowed sharply in the final three months of the year while wage pressures increased. ADVERTISEMENT The Labor Department reported Wednesday that productivity, the amount of output per hour of work, increased at an annual rate of 1.8 percent in the October-December quarter, down from a 6 percent performance in the July-September period. The slowdown reflected the fact that overall economic activity weakened considerably in the final three months of last year. Labor costs rose by 2.1 percent in the final three months of the year, after having fallen by 1.9 percent in the third quarter and 1.1 percent in the second quarter. ------------------------------------------------------ Comment: another brick in the wall! come on, tell me we're not IN a recession! __________________ Shakin' up America, ONE vote at a time! YES WE DID!!!!
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