Posted on 08/09/2016 6:15:33 AM PDT by mykroar
U.S. nonfarm productivity unexpectedly fell in the second quarter, pointing to sustained weakness that could raise concerns about corporate profits and companies' ability to maintain their recent robust pace of hiring.
The Labor Department said on Tuesday that productivity, which measures hourly output per worker, dropped at a 0.5 percent annual rate in the April-June period. It was the third consecutive quarterly decline.
Productivity fell at an unrevised 0.6 percent rate in the first quarter. Economists polled by Reuters had forecast productivity rising at a 0.4 percent rate in the second quarter.
Productivity decreased at a 0.4 percent rate compared to the second quarter of 2015, the fastest pace of decline in three years. Revisions to data going back to 2013 also confirmed the softening productivity trend, which over time would suggest pressure on corporate profits and a slowdown in job gains.
(Excerpt) Read more at cnbc.com ...
Why the dark, somber mood, CNBC.com? Didn’t you get the memo? All is well. Bathhouse Barry deemed it so during the Republican Convention.
Time to change the narrative from the greatest peacetime recovery in the history of the solar system to doom and gloom.
Unexpectedly?
We have 45-90 million able bodied people out of work. Who knew that might indicate our productivity might not be so swell?
This president has the Midas Minus Touch.
Unexpected!!! drink!
Well, THAT was unexpected...
You want more of the same? Vote Hillary!!!
Time to change the narrative from the greatest peacetime recovery...
The dominant political culture has been doing everything in its power to encourage sloth for nearly eight years. What did they think was going to happen?
A little early to start drinking.
The more people out of work, the higher the productivity. With high unemployment, employers can pick and chose, and only take the most productive workers.
So we’re back to “unexpectedly”?
Unexpected ... drink!
Yup, “unexpectedly” productivity has gone down the last three quarters.
We are dumb, but we are not quite as dumb as the DummycRATS think we are.
The “robust pace of hiring” is a figment of this corrupt administration’s imagination. When over 92 MILLION Americans are no longer working, it is obvious they are lying to make this chronic Democrat recession look better.
There is little economic hope for average Americans under the Obama administration. Clinton is a continuation of the Obama administration policies. Those who destroy this nation’s economy cannot fix it.
Huh?
With 94 million out of work it is "robust?"
Be happy.....I hear you fry cooks out there can sell these new “sea salt” fries....... lots of them.....
Sh!t....I bet Obama gonna hand out free fry coupons with every EBT/SNAP chargeup!
“You want more of the same? Vote Hillary!!!”
Higher productivity alone results in fewer jobs, you know.
Well, the “good” news is that this will likely put the brakes on any Fed intent to boost interest rates; thereby preserving the lofty levels of market averages.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.