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
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