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Strategies & Market Trends : The Amateur Traders Corner

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To: JustTradeEm who wrote (16983)	12/6/2001 8:58:28 AM
From: Tom Hua	Read Replies (1) of 19633

Thursday December 6, 8:45 am Eastern Time Worker Productivity Weaker Than Expected WASHINGTON (Reuters) - U.S. worker productivity grew at a weaker pace than expected in the third quarter, with the number of hours workers spent on the job falling at the fastest rate in more than a decade as the nation struggled to pull out of recession, a government report on Thursday showed. Productivity, or worker output of goods and services per hour, outside of the farming sector rose at a 1.5 percent annual rate in July, August and September, revised down from the 2.7 percent growth initially estimated for the quarter, the Labor Department said. That followed a 2.1 percent annual growth rate seen in the first quarter. The numbers were well below estimates from Wall Street economists who on average forecast nonfarm productivity grew at 2.1 percent during the third quarter.

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