R
rdean
Guest
Greater productivity is the key factor determining rising living standards. It enables companies to pay their workers more without having to increase prices.
The slightly faster productivity growth compared to an initial estimate one month ago reflected revisions the government made to the gross domestic product, the economy's total output of goods and services.
Last week, the government revised GDP for the third quarter up from its first estimate of 3.5 percent to a stronger 3.9 percent. Greater growth in output translated into stronger growth in productivity and lower labor pressures.
U.S. Productivity Grew At 2.3 Rate In 3Q
Strong economic growth has encouraged more companies to step up hiring. The economy expanded at an annual pace of 4.3 percent from April through September, the healthiest six-month rate in 11 years.
So far this year, employers have added an average 229,000 jobs a month, up from an average of 194,000 in 2013. This year's monthly average is on track to be the highest in 15 years.
U.S. Companies Added 208K Jobs Last Month
-----------------------------------------------------------
Come on, you gotta admit that's hilarious. 11 years ago? The GOP held both houses and the presidency for 2 years. They created enormous deficits. Two unpaid for wars costing trillions. Bush Tax scam costing trillions. And just when things are picking up, America votes them back into office to finish the job they started under Bush.
Good luck with that.
The slightly faster productivity growth compared to an initial estimate one month ago reflected revisions the government made to the gross domestic product, the economy's total output of goods and services.
Last week, the government revised GDP for the third quarter up from its first estimate of 3.5 percent to a stronger 3.9 percent. Greater growth in output translated into stronger growth in productivity and lower labor pressures.
U.S. Productivity Grew At 2.3 Rate In 3Q
Strong economic growth has encouraged more companies to step up hiring. The economy expanded at an annual pace of 4.3 percent from April through September, the healthiest six-month rate in 11 years.
So far this year, employers have added an average 229,000 jobs a month, up from an average of 194,000 in 2013. This year's monthly average is on track to be the highest in 15 years.
U.S. Companies Added 208K Jobs Last Month
-----------------------------------------------------------
Come on, you gotta admit that's hilarious. 11 years ago? The GOP held both houses and the presidency for 2 years. They created enormous deficits. Two unpaid for wars costing trillions. Bush Tax scam costing trillions. And just when things are picking up, America votes them back into office to finish the job they started under Bush.
Good luck with that.