Back to category: Politics Limited version - please login or register to view the entire paper. “U.S Productivity Growth Persists “U.S Productivity Growth Persists” Summary: The article presented in The Wall Street Journal called “U.S Productivity Growth Persists” states that due to a gradual increase in spending by U.S. companies on new equipment, while it may prove to be a blessing in the long run, it hasn’t helped the current job market in the short run. The U.S. Labor Department reported that the amount of worker output per hour grew at an adjusted annual rate 0.8% during last year’s fourth quarter. Although this growth was the “weakest” result since 2001, it was still stronger than an earlier projected 0.2% decrease. This rather modest growth is enough to convince many economists that the productivity gains during the past number of years is still intact. Over all in 2002, productivity rose at an incredible rate of 4.8%. This happens to be the fastest rate since 1950. In support of the Labor department’s findings, the Commerce department reports that factory orders climbed ... Posted by: Gabrielle Gooch Limited version - please login or register to view the entire paper. |
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