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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (5677)	6/8/1999 10:28:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 15132

Fed Watch/Fed Spin Ooops, perhaps a little less inflation than was thought. :^) interactive.wsj.com +++++++++++++ June 8, 1999 -------------------------------------------------------------------------------- Productivity Grows at 3.5% Rate As Original Estimate Is Lowered An INTERACTIVE JOURNAL News Roundup WASHINGTON -- U.S. businesses outside the agricultural sector continued to increase productivity in the first quarter, but at a slower rate than the government previously estimated. ++++++++++++++++++++++++hotlinks++++++++++++++++++++++ See the full text of the Labor Department's report on first-quarter business productivity. See Briefing.com for more information on business productivity. See the full text of the Commerce Department's report on May wholesale inventories and sales. See Briefing.com for more information about wholesale sales. ++++++++++++++end interactive WSJ hotlinks ++++++++++++++++++++ The Labor Department on Tuesday revised its reading of nonfarm business productivity growth for the period to a 3.5% annual rate from its preliminary reading of a 4% increase, as output gains declined from previous estimates and increases in hours worked were unchanged. Although the data reflect a moderation from the fourth quarter's 4.3% nonfarm productivity advance, economists say the first-quarter productivity rate is impressive for an economy in its ninth year of expansion. Year-over-year, non-farm productivity rose at a 2.2% annual rate, up from 1.2% for the previous-year comparison. Productivity is the measure of how much output a worker creates in one hour on the job. Higher productivity is a key factor in an economy's ability to improve living standards without inflation; the more workers produce for each hour on the job, the more employers can afford to pay them without raising prices. ...