Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (372790)	3/5/2008 9:51:03 AM
From: Road Walker	Read Replies (2) of 1572206

Unit labor costs, a gauge of inflation and profit pressures under close scrutiny by the Federal Reserve, was revised to show a 2.6 percent rise in the fourth quarter compared with forecasts for an unchanged reading of 2.1 percent. The Labor Department said that compensation per hour was revised higher to a 4.6 percent rate from 3.9 percent previously estimated. But adjusted for inflation, hourly compensation fell 0.5 percent. news.yahoo.com Sure sounds like the start of a wage price spiral and subsequent stagflation.

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