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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (115835)8/7/2001 8:54:26 AM
From: PMG  Read Replies (2) of 436258
 
<<<The Labor Department's nonfarm productivity report showed productivity -- the amount of goods and services a worker can create per hour -- rose at a larger-than-expected 2.5 percent annual rate in the second quarter. That was up substantially from a 0.1 annual pace seen in the January-March quarter, which was itself an upward revision from an initially reported 1.2 percent decline.>>>

So silly... the numbers reflect the unwinding of excess inventory primarily (prod=unit_output/labor_input) which was achieved by lower prices and layoffs...
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