Have You Seen My Bush Boom?

From Holden:

Today it’s anemic second quarter productivity:

The 2.9 percent increase was the smallest gain since productivity rose at an annual rate of 1.6 percent increase in the fourth quarter of 2002. Analysts had been predicting an even bigger drop-off in productivity in the second quarter to around 2.3 percent, reflecting the fact that the economy slowed sharply in the second quarter.

Unit labor costs, which are being closely watched by the Federal Reserve for signs of inflationary pressures, were up at an annual rate of 1.9 percent in the second quarter, the biggest rise in two years, following a 0.3 percent advance in the first quarter.