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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Steve Lee who started this subject	5/7/2002 8:42:30 AM
From: sylvester80	Read Replies (2) of 99280

U.S. productivity soars; Highest since 1983 money.cnn.com U.S. productivity soars Gain in productivity the highest since the second quarter of 1983. May 7, 2002: 8:36 AM EDT NEW YORK (CNN/Money) - U.S. productivity posted its biggest gain in nearly 20 years in the first quarter, the government said Tuesday, potentially good news for corporate profits, but bad news for a labor market still emerging from recession. The Labor Department said U.S. productivity jumped 8.6 percent in the first quarter after growing a revised 5.5 percent in the first quarter. Economists surveyed by Briefing.com expected productivity to grow 7.0 percent in the quarter. Higher productivity, a measure of worker output per hour, can help companies earn more without having to boost wages, which could help boost corporate profits.

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