Thursday, November 4, 2010

Economy Showing Signs of Life

BusinessWeek details:

The productivity of U.S. workers rose more than forecast in the third quarter as companies redoubled efforts to rein in costs amid signs the recovery was cooling.

A measure of employee output per hour increased at a 1.9 percent annual rate after falling 1.8 percent in the previous three months, Labor Department figures showed today in Washington. The median forecast of economists surveyed by Bloomberg News projected a 1 percent gain.

Don't look now, but productivity as defined by output per hour AND hours worked are both increasing.

Source: BLS

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