"Productivity - the amount of output per hour of work - rose.... At the same time, labor costs fell"
Working harder for less so boss man can be richer?
"Productivity up as firms cut costs; New figures show recovery, concern" by Martin Crutsinger, Associated Press | September 3, 2009
WASHINGTON - Companies managed to boost their workers’ productivity and their own profits in the spring mainly by slashing costs and capping their employees’ pay...
Productivity - the amount of output per hour of work - rose....
At the same time, labor costs fell....
TRANSLATION: You WORKED HARDER for LESS, stoo-pid 'murkn!
Why don't you SLOW DOWN and MAKE THEM HIRE MORE PEOPLE?
Because you will be fired?
They DON'T HAVE ENOUGH PEOPLE already, and BRINGING IN SOMEONE NEW is NOT PRODUCTIVE!!!!
That was clear from revised government figures released yesterday that provided further evidence that a tentative economic recovery has begun, while also reinforcing nagging concerns.
I am SO SICK of the CONTRADICTORY QUALIFIERS and MIXED MESSAGES!!
Tell the TRUTH FOR ONCE, dammit!!!!!!!!!!!!!!!!!!
Analysts worry the tight job market and lack of wage growth will depress incomes, limit further corporate profitability, and forestall a pickup in all-important consumer spending....
Yeah, THAT is ALL THEY CARE ABOUT! And LOOK AT THEM AGAIN laying the FAULT of the RECOVERY that NEVER WAS at the PUT-UPON American AGAIN!!! I'm holding my tongue lest I unleash profanities!
Economists said the rising productivity and lower labor costs supported their view that the recession is coming to an end....
Why? I'm not making the connection, sorry!
DECLINING SALES, etc, CAN STILL RESULT in PROFITS!
Economists say they do not expect productivity to keep surging. But some said the productivity jump in the second quarter, combined with falling labor costs, might persuade employers to slow their pace of layoffs and eventually resume hiring.
But NOT UNTIL NEXT FALL!!!!
That is critical because until the labor market heals, consumers probably will not step up their spending. And consumer spending, which accounts for about 70 percent of economic activity, is a vital ingredient in any sustained rebound from the recession.
Yup, it will be YOUR FAULT, foreclosed-upon and out-of-work American IF the RECOVERY FAILS!! The BANKS and FED and POLITICIANS set up the whole thing for you to succeed, and YOU DIDN'T SPEND MONEY you DON'T HAVE!!!!
A dismal job market makes that prospect uncertain....
What? After MONTHS of MSM S*** saying we are IN RECOVERY!!?
--more--"
Related:
"the recession has gotten so bad that...."
Does it really matter what comes next?
Also see: What Type of Recession Is It?
