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Title: Recovery Bummer: Productivity Falls in Spring, Labor Costs Rise
Source:
Big Government
URL Source: http://biggovernment.com/publius/20 ... -labor-costs-rise/#more-323712
Published: Sep 1, 2011
Author: Publius
Post Date: 2011-09-01 13:35:15 by Happy Quanzaa
Keywords: Obama-doma-ding-dong, Obamanomics in Action
Views: 7655
Comments: 12
From The Associated Press: Worker productivity fell this spring more quickly than previously estimated while labor costs were rising at a faster clip. Both developments could pose threats to a fragile economic recovery. The Labor Department reported Thursday that productivity declined at an annual rate of 0.7 percent in the April-June period, a bigger drop than the 0.3 percent decline reported a month ago. Labor costs rose at an annual rate of 3.3 percent, faster than the 2.4 percent increase originally reported. The changes reflected downward revisions made last week to overall economic growth which showed the economy’s output barely growing in the spring. Declining productivity, if it persists for a prolonged period, would represent a serious economic threat while rising labor costs would cut into corporate profits. Economists are forecasting that productivity will slow over the next couple of years while labor costs will increase. However, they don’t see these developments as worrisome during the current period of high unemployment and weak income growth. Read the whole thing here. Who exactly are these economists who can explain away mountains of bad economic data? It is very hard to get higher growth without rising productivity. Without higher growth, unemployment will remain high.
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#1. To: Happy Quanzaa (#0)
The source of your article seems to be breitbart.com.
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
And?
Breitbart has himself a reputation worth noting.
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
Breitbart has himself a reputation worth nothing. There. I fixed it for you.
If you two weren't illiterate Useful Idiots you would have noticed that the article wasn't written by Brietbart or the poster Publius, it was written by Politburo approved AP.
Look again, it wasn't written by AP either.
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
LM: Look again, it wasn't written by AP either. Ron White. Paging Ron White. Pick up the white courtesy phone, please
__________________________________________________________________________________________ When he answers ask him how Scene of the Crash is doing.
Thanks ming! I'll be sure to do that.
__________________________________________________________________________________________ IT's the Serf's fault. Who knew!!!! 8D But still no time for Plutonium Covers Japan. Still no time for More Cesium in the NW US, Canada than in Osaka. How can a Nuclear Scientist Ignore 11 Reactor Meltdowns...;}
Time.com: “Augmented Inspection Team” is only used when risk of reactor core damage rises by 100 — AIT already at quake-hit North Anna nuke plant September 1st, 2011 at 04:10 PM Inspectors check Virginia nuclear plant for earthquake damage, Washington Post by …Read More
There are a couple of polar meanings that can be gleaned from this... Overemployment caused by a dip in business cycle. ~or~ Planning for future growth. The Blood Dancers who cheer the current economic ennui are probably correct in their assessment, their hopes aside...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
#2. To: lucysmom (#1)
The source of your article seems to be breitbart.com.
#3. To: Happy Quanzaa (#2)
And?
#4. To: lucysmom (#3)
Breitbart has himself a reputation worth noting.
#5. To: lucysmom, Skippy (#3)
From The Associated Press:
#6. To: Happy Quanzaa (#5)
If you two weren't illiterate Useful Idiots you would have noticed that the article wasn't written by Brietbart or the poster Publius, it was written by Politburo approved AP.
#7. To: lucysmom, Skip Intro, Happy Quanzaa (#6)
HQ: If you two weren't illiterate Useful Idiots you would have noticed that the article wasn't written by Brietbart or the poster Publius, it was written by Politburo approved AP.
HA! The tea-party, INDEED! They're so . . . ah . . . common
#8. To: Get Outta Dodge! (#7)
Ron White. Paging Ron White
#9. To: mininggold (#8)
When he answers ask him how Scene of the Crash is doing.
HA! The tea-party, INDEED! They're so . . . ah . . . common
#10. To: Happy Quanzaa (#0)
#11. To: Happy Quanzaa (#0)
#12. To: All (#0)
Productivity Falls in Spring, Labor Costs Rise
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
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