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Strategies & Market Trends : 50% Gains Investing
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To: Dale Baker who wrote (93689)9/2/2010 11:17:44 AM
From: Paul KernRead Replies (1) of 118717
 
Wait a few more months and we'll start to hear stories about the brave CEO's who moved forward and expanded while their rivals sat around whining like 5-year-olds before recess.

As employers find they can't get any more productivity out the current staff, they will hire.

(RTTNews) - With output increasing at a notably slower than previously reported rate, the Labor Department released a report on Thursday showing that labor productivity in the second quarter fell by much more than had originally been estimated.

The report showed that labor productivity in the second quarter fell by a revised 1.8 percent compared to the previously reported 0.9 percent drop. The drop in productivity during the quarter had been expected to be revised to 1.7 percent.

A smaller than previously reported increase in output contributed to the downward revision to the drop in productivity, which is a measure of output per hour. Output in the second quarter rose by a downwardly revised 1.6 percent compared to the previously reported 2.6 percent growth.

Meanwhile, the report showed a modest downward revision to the pace of hours growth in the quarter, with hours rising by 3.5 percent compared to the 3.6 percent increase that was reported last month.

The drop in productivity in the second quarter compares to the 3.9 percent increase that was seen in the first quarter, which reflected a 5.0 percent increase in output and a 1.1 increase in hours.
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