Worker productivity surged in the summer at the fastest pace in four years while wage pressures eased.
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 more than twice the 2.2 percent rise in the second quarter and was the fastest surge in worker efficiency since 2003.
At the same time, wage pressures eased. Unit labor costs dropped at an annual rate of 0.2 percent, the best showing in more than a year.
Both outcomes were far better than expected and should relieve some concerns that a surge in productivity that began in the mid-1990s was in danger of being reversed.
- THE WEAK DOLLAR CAN HELP MUCH OF OUR ECONOMY.
- THE SUB-PRIME CORRECTION IS OVERDUE AND A SMALL PART OF THE OVERALL REAL ESTATE MARKET.
- DON'T LET YOURSELF GET PANICKY. THAT'S WHAT THE LEFT/MSM AND THE SPECULATORS WANT; THEY WANT YOU TO SELL LOW IN A PANIC.
- IF YOU HAVE FOREIGN CURRENCY, THEN BUY DOLLARS AND BUY USA REAL ESTATE ANDS USA STOCKS!
REMEMBER: YOU GET RICH IF YOU CAN BUY LOW AND SELL HIGH. IOW: BUY ON THE DIPS. AND THIS IS A DIP.
COMPLETE ROUND UP HERE.