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To: Wally Mastroly who wrote (7504)8/5/1999 4:07:00 PM
From: w0z  Read Replies (1) | Respond to of 15132
 
There may be a seasonal problem [since] costs surged in Q2 last year too

If you look at both the productivity growth and unit labor growth data on a year-to-year basis, things actually look quite stable. There may be some seasonality in both of these numbers that more knowledgeable investors are aware of. I don't include myself in the latter but CNBC showed a very revealing graph earlier.