Tuesday, January 23, 2007

US data suggest difficulties mounting

US productivity growth lowest for decade

The US economy last year recorded its lowest rate of labour productivity growth in more than a decade, with growth in output per hour worked falling behind the EU and Japan. The fall casts further doubt on the ability of the Federal Reserve to cut interest rates as the US economy slows.

Posted by dohousescrashinthewoods @ 10:19 AM (554 views)
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