Stronger than expected U.S. productivity
WASHINGTON — The United States work force was more productive during the summer that previously thought, which reflects the fact that the economy produces more products and services first estimated.
Productivity grew at an annual rate of 2.3% in the quarter from July to September, an improvement on an initial estimate of 1.9% productivity growth, the Ministry of labour said fresh mercredi.Les labour fell at an annual rate of 0.1% of the initial estimate made a month ago.
Productivity measure the amount of output per hour of workgroup.troubleshooting upward revision follows an estimate of the second highest economic growth in the third quarter of 2.5 per cent. When the economy produces more products and services with essentially the same labour force productivity increases.
Electric cars go commands: fleet of the company probably buy the widespread acceptance of drive car battery.12 essential toys Christmas past your career hits: survive the holiday office party that $500 K gets you housing in the U.S.However, the effectiveness of U.S. workers increased at a much slower pace than year dernier.La productivity for the whole of 2009 has increased by 3.5%, advance more in six years.Since the beginning of this year, the productivity has averaged a much slower rate of growth of 1.5%.
Economists believe the slowdown as an encouraging sign that companies will have to intensify their hiring of workers made redundant.A rebound of hiring would provide a welcome boost at a time when unemployment is 9.6%.
Cut companies of 8.4 million jobs from December 2007 to December 2009 and produce more with their staff more maigres.Si productivity is écoulée.Toutefois, economists believe that many companies have reached the limit on how much they can stretch their existing labour force.
If companies increase hiring, which would increase revenue and give more money to increase of household spending.Spending accounts for 70% of the economic activity of consumption.Expenditure was major reasons that the economy is growing even rate over the past year.
Although slower productivity would normally raise fears of inflation, economists said that the greatest concern now is deflation, a painful period of falling prices and wages.
History: Employers added 93,000 jobs in the private sector in November.The Federal Reserve on 3 November announced that it would buy extra $ 600 billion in bonds of the Treasury to eight months to help the lowest interest rates and to stimulate the economy .the Fed policymakers cited concerns reductions in potential prices as a reason to spend.
The decline of 0.1% of the unit cool work for the July-September quarter marked the second quarterly in three dernières.Pour all 2006 drop fresh hand work fell 1.6 %.Qui was the largest annual records dating back to 1948 and pointed out the pressure downward as a severe recession is carrying on wages down.
? 2010 The Associated rights Press.Tous réservés.Ce hardware cannot be published, broadcast, rewritten or redistributed.