Vegas
11-07-2007, 01:38 PM
http://www.foxbusiness.com/markets/economy/article/productivity-surges-49-rate_346700_3.html
Worker productivity surged in the summer at the fastest pace in four years while wage pressures eased.
The Labor Department reported that productivity--the amount of output per hour of work--jumped at an annual rate of 4.9% in the July-September quarter. That was double the 2.2% rise in the second quarter and represented the fastest surge in worker efficiency since 2003.
At the same time, wage pressures eased with unit labor costs dropping at an annual rate of 0.2%, the best showing in more than a year.
Worker productivity surged in the summer at the fastest pace in four years while wage pressures eased.
The Labor Department reported that productivity--the amount of output per hour of work--jumped at an annual rate of 4.9% in the July-September quarter. That was double the 2.2% rise in the second quarter and represented the fastest surge in worker efficiency since 2003.
At the same time, wage pressures eased with unit labor costs dropping at an annual rate of 0.2%, the best showing in more than a year.