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Bad Economic News
...for those looking for bad economic news. Productivity is surging:
The Labor Department reported that productivity -- the amount of output per hour of work -- jumped at an annual rate of 4.9 percent in the July-September quarter. That was double the 2.2 percent rise in the second quarter and represented the fastest surge in worker efficiency since 2003.
At the same time, wage pressures eased with unit labor costs dropping at an annual rate of 0.2 percent, the best showing in more than a year.
I blame George Bush.
Posted by Rand Simberg at November 07, 2007 07:51 AM
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Comments
I blame the MSM. If you tell people the economy’s bad and getting worse, they work harder and don’t ask for more money.
Posted by JJS at November 7, 2007 11:21 AM
I blame Ben.
Posted by Sam Dinkin at November 7, 2007 09:19 PM
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