Good news (remember your grain of salt):
America’s business productivity soared in the second quarter of 2003 and new claims for unemployment benefits dropped to a six-month low last week, a double dose of good news as the economy tries to get back to full throttle…
Both the productivity and jobless claims figures were better than economists were expecting. They were forecasting productivity to grow at a 4 percent pace in the second quarter and for jobless claims to rise.
For the economy’s long-term health and rising living standards, solid productivity gains are crucial. They allow the economy to grow faster without triggering inflation. Companies can pay workers more without raising prices, which would eat up those wage gains. And, productivity gains also can bolster a company’s profitability.
Federal Reserve Chairman Alan Greenspan told Congress last month that it has been unusual for companies to achieve healthly gains in productivity when the performance of the overall economy has been so lackluster.
Thank goodness…
Mason
I wonder what all the leftys will say if the economy continues to improve…
Funny, though. All the talk about people not being able to get a job. I’m looking for a few short term contract positions to bring in a little more money, and my first resume given out turned into an interview (tomorrow) with what sounds like a great shot at getting landing it.