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Technology Stocks : JDS Uniphase (JDSU)
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To: Hank Stamper who wrote (10012)5/4/2000 10:48:00 AM
From: Wyätt Gwyön  Read Replies (1) of 24042
 
What it actually says:
The statistics ``still suggest productivity is trending
higher and is a fairly impressive number,'' said Paul Ferley, an
economist at Harris Bank and Bank of Montreal in Toronto. ``It's
suggesting on the surface that rising productivity is limiting
cost pressures from labor markets.''

Unit labor costs rose at a 1.8 percent annual rate in the
first quarter after falling at revised 2.9 percent pace in the
final three months of last year. That was the first increase since
the second quarter 1999, when they jumped 4.2 percent.

Still, compared with last year's first quarter, labor costs
rose 0.7 percent, less than half the 1.6 percent rise for all of
last year. Also, compensation adjusted for inflation rose at a 0.3
percent annual rate in the first quarter, slower than the 0.9
percent pace in the fourth quarter.

Chow chow chow!
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