Productivity falls 0.9 percent in second quarter

Discussion in 'Economy' started by Neubarth, Aug 10, 2010.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    Productivity falls 0.9 percent in second quarter
    Productivity drops 0.9 percent in spring, first fall since 2008; labor costs edge higher


    WASHINGTON (AP) -- Worker productivity dropped this spring for the first time in more than a year, a sign that companies may need to step up hiring if they hope to grow.

    Productivity declined at an annual rate of 0.9 percent in the April-to-June quarter after posting large gains throughout 2009, the Labor Department said Tuesday. Unit labor costs edged up 0.2 percent in the second quarter, the first increase since the spring of 2009.

    Employee output rose by large amounts during the recession. Companies slashed their payrolls and pushed unemployment up to the highest levels in more than two decades. Economists said a slowing in productivity would be a welcome development if it translates into more hiring.

    Productivity falls 0.9 percent in second quarter - Yahoo! Finance

    Aug 10..... 8:30 AM..... Productivity-Prelinary.. Q2..... -0.9%
    Aug 10..... 8:30 AM..... Unit Labor Costs ............Q2..... 0.2%
    Economic Calendar: Financial Calendars - Yahoo! Finance
     
  2. Barb
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    Barb Carpe Scrotum

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    What are the ODDS And tell me that wasn't, at least in part, a political reaction

    BTW, congratulations on, (and THANK YOU for) finally finding your shirt.
     
    Last edited: Aug 10, 2010
  3. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Yeah, we all know businesses only make decisions based on whether they like the President or not. It has nothing to do with policy decisions and legislation enacted by Congress.
     
  4. uscitizen
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    uscitizen Senior Member

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    Must be caused by all the CEO bonuses.
     
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  5. Barb
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    Barb Carpe Scrotum

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    Of course it has to do with the direction of policy. That IS political, isn't it? Business will spend, and lose, MAD amounts of money in order to retain control.
     
  6. The Rabbi
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    The Rabbi Diamond Member

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    What are the odds? Zero, zilch, nada. As mentioned, businesses are there to make money.
    What are the odds you can't hold a responsible job any more than you can maintain a stable relationship?
     
  7. Barb
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    Barb Carpe Scrotum

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    In response to the UAW strike against General Motors, and the government ruling that "ability to pay" was a worthy consideration in negotiations in the mid 1940s:
    Chafe, William H., The Unfinished Journey, 94-95
    Your personal attacks display impotence. Rage on. :eusa_whistle:
     
  8. The Rabbi
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    The Rabbi Diamond Member

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    History of Ice Cream

    About as relevant as your post.

    When you got nothing, admit it. The more you try to fudge the dumber you look.
     
  9. Barb
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    Barb Carpe Scrotum

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    You truly are a waste of bandwidth. A bot. One of those automated systems that drown threads in stupidity so that more informed posters abandon them.
     
  10. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    You seem to have the typical liberal view of business that's it's only goal is to make "mad amounts of money and screw people over". It's just not true.

    My uncle is a small business owner who never voted in his life! When I asked him why he doesn't participate in such an important thing his response was:
    "Man, the less those fuckers know about me the better. I just want em' to leave me alone!".

    I suspect most business owner fell the same way: Government needs to get out of the way.
     

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