Thursday, September 2, 2010

Productivity declines 1.8% in second quarter - MarketWatch

Yes, second time Productivity falls. Why? You can't keep working people to the bone without losing Productivity - no more gains!

The productivity of American businesses fell a revised 1.8% in the second quarter, twice as much as the government initially reported. Last month, the Labor Department originally estimated that productivity fell 0.9% to mark the first decline in five quarters. Yet worker output grew at a slower pace based on newly revised data. Real output grew just 1.6% in the second quarter, compared to the prior estimate of 2.6%. Hours worked rose at a 3.5% annualized rate - the fastest in four years.

Productivity declines 1.8% in second quarter - MarketWatch

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