SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : ahhaha's ahs
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ahhaha who wrote (5680)12/4/2002 10:30:06 AM
From: Ahda of 24758
 
Productivity grows at brisk 5.1 percent rate in third quarter
Wednesday December 4, 8:41 am ET
By Jeannine Aversa, Associated Press Writer

WASHINGTON (AP) -- Productivity, a crucial ingredient to the economy's long-term vitality, grew at a sizzling annual rate of 5.1 percent in the summer, a faster pace than the government previously thought.
The growth rates for both compensation figures in the third quarter marked the biggest increases since the third quarter of 2000, suggesting that workers who have jobs are making gains.

The rise in third-quarter productivity helped to push down unit labor costs, good news for companies trying to control costs to boost profits. Unit labor costs fell at an annual rate of 0.2 percent in the third quarter, an improvement from the 2.2 percent growth rate in the second quarter.

For the 12 months ending September, productivity grew at a brisk 5.6 percent pace, representing the strongest showing since the first quarter of 1973.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News