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US productivity plunges in Q1; unit labor costs surge. CNBC
d2d
Member Posts: 3,109
in Tug Tavern
But did Honda tell you that he personally killed some ISIS finance guy? Obama's Strategy (which he doesn't have) IS WORKING!
CNBC
CNBC
U.S. nonfarm productivity fell more sharply than previously thought in the first quarter, leading to a jump in labor-related production costs, a trend that could spur a rapid increase in inflation.cnbc.com/id/102732397
Productivity dropped at a 3.1 percent annual rate instead of the previously reported 1.9 percent rate, the Labor Department said on Thursday. That was the first back-to-back fall in productivity since 2006.
Comments
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Inflation is here already and it's about to get a lot worse.
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the government says inflation is low and under control.
One of you is lying... (right hondo?) -
Death. Always living in the past.
Worries about the American economy’s momentum were blunted on Friday by the government’s announcement that e mployers added a hefty 280,000 jobs in May, well above the monthly average logged over the last year.
http://mobile.nytimes.com/2015/06/06/business/economy/jobs-report-hiring-unemployment-may.html?referrer=&_r=0
I'm sure you prefer losing 800k jobs a month. -
It was a cold winter
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Hardcore Husky must have gotten an uptick in membership.
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Some economists say that declining productivity can be good because it means that businesses have to hire more workers to increase output faster. Hiring more workers means a lowering of U-6, which then removes more slack from the labor market and puts upward pressure on labor costs. I don't really have an opinion either way.
What's concerning is that capacity utilization has been dropping after nearly reaching the long-term average from 1972 - 2014:
federalreserve.gov/releases/G17/Current/ -
Millions of pages of new federal regulations which cause corps to hire 280,000 non-productive paper-pushers filing new federal forms for hundreds of thousand of new government employees to read (creating nothing) is a good thing?
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yes.
