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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: UnBelievable who wrote (9185)	8/7/2001 8:49:17 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Pre-market showing some strength now. U.S. Q2 productivity up 2.5% by Rachel Koning Productivity was much stronger than expected in the second quarter but largely because hours worked sunk in that period. Second-quarter non-farm productivity was up 2.5 percent, nearly doubling the 1.4 percent rise predicted by economists. The increase was the largest in a year, the Labor Department reported Tuesday. Output rose a meager 0.1 percent in the second quarter, the weakest performance since a 1.3-percent drop in the first quarter of 1993. Hours worked fell 2.4 percent, the worst showing in a decade. But positive news on the inflation front, unit labor costs rose just 2.1 percent as hourly compensation was up 4.7 percent, the lowest since the final quarter of 1999.