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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (186846)	8/9/2002 8:42:28 AM
From: Jeff Jordan	Read Replies (1) \| Respond to of 436258

Unit Labor cost Q2 -1.8% Q1 +2.4 vs -4.6 productivity Q1 8.6 % from +8.4 Q2 forecast +1.1 vs +.05%

To: Haim R. Branisteanu who wrote (186846)	8/9/2002 8:42:45 AM
From: Haim R. Branisteanu	Respond to of 436258

Got it - wonder when the government will stop cheating The slowdown in second-quarter productivity from the prior three months was due to cooler economic growth. The economy expanded at one-fifth the pace of the first three months as consumer spending slowed. Unit labor costs, or the amount paid to workers for each unit of production, rose at a 2.4 percent annual rate, after falling 4.6 percent in the first quarter. Economists expected unit labor costs to rise at a 2.5 percent annual rate. 2001 Productivity Productivity grew a revised 1.1 percent last year, down from a previously estimated 1.8 percent. The government also revised 2000 productivity to a 2.9 percent gain from 3.3 percent. The statistics reflect revisions in gross domestic product announced last week.