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1 posted on 02/07/2013 6:00:37 AM PST by Perdogg
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To: Perdogg

Always expect to see the unexpected when it comes to Obama.

All economic numbers will come in unexpectedly bad until Obama leaves office.


2 posted on 02/07/2013 6:03:12 AM PST by TexasFreeper2009 (Obama lied .. the economy died.)
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To: Perdogg

Unexpected!

Dang, it’s early to be drinking....


3 posted on 02/07/2013 6:42:08 AM PST by Uncle Miltie (Of the government, by the government, and for the government.)
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To: Perdogg

What??? Higher taxes, regulations and healthcare concerns add costs and decrease productivity? Who would have thought that???


4 posted on 02/07/2013 6:59:37 AM PST by jdsteel (Give me freedom, not more government.)
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To: Perdogg
wait, you mean since 2008? did i read this right?
8 posted on 02/07/2013 7:18:03 AM PST by johnsondavid841
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To: Perdogg

The four-week moving average (weekly numbers can be volatile) decline to 350,500 is at its lowest since March 2008.


11 posted on 02/07/2013 7:37:45 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: Perdogg

Christmas shopping season is over and most are prepping for the reality of obamacare and four more years of obamanomics. I’m surprised things are as good as they are.


13 posted on 02/07/2013 7:46:05 AM PST by GBA (Here in the Matrix, life is but a dream.)
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To: Perdogg
IHS Global Insight analysis on Productivity:

Hiring is up, but output growth grinds to a halt as productivity declines in the fourth quarter.

- Nonfarm business sector labor productivity declined at a 2.0% annual rate in the fourth quarter, the largest decrease since the first quarter of 2011.

- Growth in employee hours picked up again as the labor market gained steam.

- Nonfarm output grew by just 0.1% annualized in the fourth quarter.

- Year over year, productivity growth was 0.6%, the slowest pace in four quarters.

- Unit labor costs rose by an annualized 4.5% after two quarters of declines.

As expected, nonfarm labor productivity declined by 2.0% in the fourth quarter. Nonfarm business output grew by just 0.1% annualized, the worst showing in nearly two years, even as employee hours were up 2.2% over the previous quarter. Year on year, productivity growth was just 0.6%, the slowest pace of 2012. For 2012 overall, productivity growth was 1.0%, compared with 0.7% in 2011 and 3.1% in 2010.

After two quarters in which hiring lagged behind output growth, the tables turned in the fourth quarter. Despite all the fears over the fiscal cliff, employers added an average of 201,000 jobs per month, compared with 152,000 in the third quarter. Real GDP contracted, however, in part because of massive but temporary corrections in defense spending and inventories.

Coming out of the recession, companies slashed payrolls and worked their existing employees to the bone—this would explain the strong productivity figures we saw in 2009 (3.0%) and 2010 (3.1%). But firms have squeezed about as much as they can out of their workforces and have resorted to hiring more to raise output. Thus, productivity growth has been relatively muted over the past two years.

With fiscal concerns lingering and foreign growth issues persisting, we expect both output and hiring to trend up modestly. The expiry of the payroll tax cut and other headwinds have left further acceleration in employment growth over the next few months unlikely. But the underlying fundamentals in the economy are trending upward, and employment growth in 2013 should at least match that in 2012.

We expect a first-quarter rebound in output growth and gradual improvement thereafter. The result: productivity should grow around 0.5% in 2013 and drift up slowly, but it will be years before productivity returns to its long-term trend rate of 2%.

14 posted on 02/07/2013 8:06:24 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: Perdogg
Warning to those who'll listen - Too much money printing going on. It's the only thing keeping the economic lie alive. We're heading right into a bond market crash next. That means MASSIVE inflation.
Prep now, because you're going to have a hard time paying for necessities later.
Obomanomics is and is going to hurt a lot of people. This unemployment number is nothing compared to what's coming. Those EBT cards aren't going to be able to buy squat.

Please store something. It's better to have something and not need it than it is to have nothing and desperately need it later.

16 posted on 02/07/2013 9:45:24 AM PST by concerned about politics ("Get thee behind me, Liberal")
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