Dr. Peter Morici: US Productivity Advances 2.2%: Good news for Inflation, Interest Rates and Economy
Aug 8th, 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 second quarter of 2008. This was a very good showing the middle of an economic slowdown, and in line with the 2.6 percent increase recorded in the first quarter of 2008.