iBankCoin
Joined Nov 11, 2007
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Hopefully Slowing Worker Productivity Will Inspire More Hiring

“WASHINGTONU.S. worker productivity barely grew from January through March after shrinking in the final three months of 2012. Weak productivity growth could prompt employers to hire more if consumers and businesses continue to increase spending.

The Labor Department says productivity rose at a seasonally adjusted annual rate of 0.7 percent in the first quarter, after shrinking 1.7 percent in the previous quarter.

Labor costs increased at a seasonally adjusted annual rate of 0.5 percent, below the fourth quarter’s 4.4 percent gain….”

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2 comments

  1. Po Pimp

    Cool. With the slack asses coming out of school now we will be at 0% unemployment in no time.

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