24/7 Wall St.
05-07-2008, 01:40 PM
24/7 Wall St. Daily News
This morning was strange on the economic number cycle as far as first quarter worker productivity is concerned. The Labor Department released a figure of non-farm business worker productivity measured as per-hour output being up by +2.2%. Economists' estimates were down at +1.5%, which is actually already pretty high. Manufacturing saw the biggest gain with productivity up 4.1%, with the non-durable goods manufacturing productivity being up +7.0% and durable goods manufacturing productivity up at +2.3%. Simultaneously, labor cost pressures were less at an increase of +2.2%, lower than a +2.8% gain in Q4-2007. Worker hours were also down across the...http://feeds.feedburner.com/~f/typepad/RyNm?i=uD11IH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=uD11IH) http://feeds.feedburner.com/~f/typepad/RyNm?i=icoEFH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=icoEFH) http://feeds.feedburner.com/~f/typepad/RyNm?i=Y26WKh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Y26WKh)
complete story here... (http://www.247wallst.com/2008/05/will-productivi.html)
This morning was strange on the economic number cycle as far as first quarter worker productivity is concerned. The Labor Department released a figure of non-farm business worker productivity measured as per-hour output being up by +2.2%. Economists' estimates were down at +1.5%, which is actually already pretty high. Manufacturing saw the biggest gain with productivity up 4.1%, with the non-durable goods manufacturing productivity being up +7.0% and durable goods manufacturing productivity up at +2.3%. Simultaneously, labor cost pressures were less at an increase of +2.2%, lower than a +2.8% gain in Q4-2007. Worker hours were also down across the...http://feeds.feedburner.com/~f/typepad/RyNm?i=uD11IH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=uD11IH) http://feeds.feedburner.com/~f/typepad/RyNm?i=icoEFH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=icoEFH) http://feeds.feedburner.com/~f/typepad/RyNm?i=Y26WKh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Y26WKh)
complete story here... (http://www.247wallst.com/2008/05/will-productivi.html)