Dr. Peter Morici: US Productivity advances 1.9%; Good News for Inflation, Interest Rates and Stock Prices
May 7th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Today, the US Department of Labor reported productivity in the nonfarm private business sector increased at a 2.2 percent annual rate in the first quarter of 2008. The consensus forecast was 1.5 percent, and my published forecast was 2.0 percent. A rise of 1.9 percent was reported in the business sector.