Worker productivity slows sharply

itsmeeeeeee · 02-06-2008, 06:49 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!

zimmy61 · 02-06-2008, 07:29 AM

The 2.1% increase in labour costs were still lower than expected which opens up the door for further rate cuts. The ISM report (coming in below the magic number of 50) that you posted yesterday was another serious indicator of a recession.

Richterscale · 02-06-2008, 11:42 AM

business can only push employees and technology so hard before they reach their limit.

02-06-2008, 06:49 AM	#1 (permalink)
itsmeeeeeee punk nun Join Date: Nov 2007 Location: 53 miles west of venus Posts: 3,822 My Mood: Blog Entries: 3 Thanks: 215 Thanked 715 Times in 428 Posts	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! __________________ "NEVER underestimate the Democrat's ability to snatch DEFEAT from the jaws of victory."
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02-06-2008, 07:29 AM	#2 (permalink)
zimmy61 Senior Member Join Date: Aug 2007 Posts: 1,840 Thanks: 2 Thanked 7 Times in 5 Posts	The 2.1% increase in labour costs were still lower than expected which opens up the door for further rate cuts. The ISM report (coming in below the magic number of 50) that you posted yesterday was another serious indicator of a recession. __________________ http://i164.photobucket.com/albums/u...icon_bunny.gif
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02-06-2008, 11:42 AM	#3 (permalink)
Richterscale My Brain Hurts Join Date: Nov 2007 Location: Spreading harmony thruout the Internetz Posts: 947 My Mood: Thanks: 19 Thanked 51 Times in 35 Posts	business can only push employees and technology so hard before they reach their limit. __________________ Google Sibel Edmonds "How many people died from the Kama Sutra as opposed to the Bible? Who wins?" - Frank Zappa
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