Neubarth
At the Ballpark July 30th
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
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