Bush Boom

I for one would be happy to beless productive.

Worker productivity, the key factor in rising living standards, slowed sharply in the final three months of the year while wage pressures increased.

The Labor Department reported Wednesday that productivity, the amount of output per hour of work, increased at an annual rate of 1.8 percent in the October-December quarter, down from a 6 percent performance in the July-September period. The slowdown reflected the fact that overall economic activity weakened considerably in the final three months of last year.

Labor costs rose by 2.1 percent in the final three months of the year, after having fallen by 1.9 percent in the third quarter and 1.1 percent in the second quarter.

For the year, productivity rose by 1.6 percent, a slight rebound from a 1 percent gain in 2006 but both years were well below the average annual increases of 3.2 percent turned in from 2000 through 2004.

3 thoughts on “Bush Boom

  1. MapleStreet says:

    Of course, going back to the good old plantation days, whips and branding irons did marvels for productivity?

  2. Anonymous says:

    but but but they don’t even provide food and lodging.

  3. pansypoo says:

    sigh. pansypoo is anon again.

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