Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (2213)	8/9/2002 9:15:02 AM
From: Proud_Infidel	Respond to of 25522

Productivity Rises Just 1.1 Percent By JEANNINE AVERSA 08/09/2002 07:36:54 EST WASHINGTON (AP) - Productivity grew at its most sluggish pace in a year, rising at a annual rate of 1.1 percent in the second quarter, reflecting an economic recovery that has lost considerable momentum from the beginning of the year. The downshifting in business efficiency came after productivity - the amount of output per hour of work - soared at a rate of 8.6 percent in the first quarter, the strongest showing since the spring of 1983, the Labor Department reported Friday. The 1.1 percent growth rate was slightly weaker than the 1.5 percent pace many analysts were forecasting. It marked the weakest performance since the second quarter of 2001 when productivity actually dipped by 0.1 percent. The slowdown in second-quarter productivity came as output grew at a rate of just 0.5 percent and businesses cut workers' hours at a rate of 0.7 percent.