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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Jim Willie CB who wrote (39852)8/7/2001 9:28:14 AM
From: stockman_scott  Read Replies (1) of 65232
 
08:32 ET Economic Data : Q2 Productivity rose 2.5%, much stronger than the 1.6% consensus. Unit labor costs rose a modest 2.1%. Given some fears that the productivity data would eliminate all evidence of the new economy, this report will come as a welcome reminder that even though productivity is undergoing a cyclical slowdown, the long-term trend is still higher than it was prior to the late 1990s investment boom.
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