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

To: Justa Werkenstiff who wrote (11776)	2/8/2000 8:47:00 AM
From: Wally Mastroly	Read Replies (2) \| Respond to of 15132

Productivity rate jumps, unit labor costs drop, Parry of the FED says great! The nation's productivity rate jumped 5 percent in the fourth quarter, the government reported Tuesday, the fastest rate in 7 years and surpassing economists' forecasts for an increase of four percent. The jump topped the 4.9 percent rise in the third quarter. Unit labor costs, a leading indicator of inflation pressures, fell 1 percent. bloomberg.com - Excerpt: Unit labor costs fell at a 1 rate in the fourth quarter after declining a revised 0.3 percent pace in the third. The last back- to-back drops in unit labor costs were in 1995-1996. ''A productivity surge in the last four years or so'' makes it now appear the economy can grow faster than previously thought without causing inflation to accelerate, Robert Parry, president of the Federal Reserve Bank of San Francisco, said in a recent speech.