September 6, 2007

IN OTHER WORDS...:

Productivity Grows at Faster Pace (MARTIN CRUTSINGER, 9/06/07, AP)

Worker productivity rebounded, growing at the fastest pace in nearly two years, while wage pressures eased sharply in the spring - developments that should reduce inflation worries.

The Labor Department reported Thursday that productivity, the amount of output per hour of work, jumped to an annual growth rate of 2.6 percent in the April-June quarter, even better than the 1.8 percent increase that was originally reported.

Wage pressures, as measured by unit labor costs, slowed to an annual growth rate of 1.4 percent, slower than the initial estimate that labor costs were rising at a 2.1 percent rate.


...there's deflationary pressure, not inflationary.

MORE:
Jobless claims down, productivity improves (Mark Felsenthal, 9/06/07, Reuters)

The number of U.S. workers signing up for jobless benefits fell by a bigger-than-expected 19,000 last week, and non-farm worker productivity was higher in the second quarter than first reported, government reports showed on Thursday.

Posted by Orrin Judd at September 6, 2007 9:26 AM
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