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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (218586)2/6/2003 1:59:04 PM
From: Les H  Read Replies (3) of 436258
 
U.S. Economy: Productivity Gain Is Biggest Since 1950

quote.bloomberg.com

You would never know productivity fell until you read one sentence buried about halfway down the page.

<<<The measure of how much an employee generates for each hour worked rose 4.7 percent in 2002, almost twice the average gain of 2.5 percent from 1996 through 2000. For the quarter, productivity fell at a 0.2 percent annual rate, the first drop since 2001's second quarter, when the economy was in recession. >>>

Later on, they refer to the decline as a "slowdown".

<<<The fourth-quarter slowdown in productivity followed a 5.5 percent increase in the third quarter, when the economy was growing more than four times faster than at the end of the year. Economists had expected a 0.7 percent increase the quarter, based on the median of 63 forecasts in a Bloomberg News survey. >>>
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