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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (31355)	5/4/2000 9:10:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

The initial drop in futures was due to lower than expected rise in productivity and higher labour cost than consensus, but later the futures reversed as <<In the manufacturing sector, productivity rose 6.9 percent in the first quarter after a 10.8 percent gain in the fourth quarter while unit labor costs fell 2.9 percent after a 5.9 percent decline in the previous quarter. >> One needs to look closely at the manufacturing sector, it is this sector that is causing some concerns, falling unit labour cost in this sector is a good sign..