November 6, 2008
THE AMERICAN ECONOMY, WHERE EVERY SURPRISE IS PREDICTABLE:
U.S. Productivity Increases 1.1%, Proving Resilient (BRIAN BLACKSTONE, 11/06/08, Wall Street Journal)
U.S. productivity was surprisingly resilient last quarter despite a steep drop in output, as companies responded quickly to the economic downturn by shedding labor.Posted by Orrin Judd at November 6, 2008 9:03 AM
