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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Mark Fowler who wrote (8187)	8/7/2001 12:19:28 PM
From: Mark Fowler	Respond to of 57684

Productivity & Costs.. higher at 2.5% from last quarter .1%, the magic coming back. Output higher as output per Hour: Nonfarm Business 118.1 and number of hours worked less as hours Worked 120.7 , that means lower wage costs and that is the picture of strong productivity rebound, Productivity growth rebounded in the second quarter, posting a 2.5% gain. This is a strong turnaround from the performance of the first quarter. The improvement was driven by a drop in hours worked while output held nearly constant. While the overall nonfarm business sector posted a gain, manufacturing productivity continues to fall, due to continued drops among nondurable manufacturers. Thus, while the productivity report is a positive sign that the economy may pull out of the downturn and avoid recession, it also indicates that pockets of significant weakness still remain.