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Good Economic News?

Recs

7

December 05, 2007 – Comments (3)

Productivity posted a nice Q3 increase, 6.7% biz, 6.3% in nonfarm biz.

Or did it. Those are the quarterly comparisons. Look at the second half of that table and see the real issue, in Y-o-Y figures.

Inflation, anyone? Will Backrub Ben and the Feelgood Fed soothe the markets with more cheap money? Or will they finally find a bit of courage?

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                                                                            Real
                                                               Hourly   hourly     Unit
                        Produc-                          compen-  compen-    labor
Sector                  tivity    Output   Hours     sation   sation     costs
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                   Percent change from same quarter a year ago

Business                 2.9       3.2      0.3        5.9      3.5       3.0
Nonfarm business     2.7       3.2      0.5        5.8      3.3       3.0
Manufacturing           2.8       1.9     -0.8        5.6      3.2       2.8
Durable                    3.9       3.0     -0.9        5.9      3.4       1.9
Nondurable               1.4       0.7     -0.7        5.1      2.7       3.7
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3 Comments – Post Your Own

#1) On December 05, 2007 at 10:16 AM, wingedcreat0r (49.74) wrote:

Is it just me or do the reports from the feds with q-q results usually look better than y-y?

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#2) On December 05, 2007 at 10:39 AM, GS751 (27.50) wrote:

backrun ben.... hahaha

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#3) On December 05, 2007 at 3:41 PM, abitare (52.23) wrote:

... iam pridem, ex quo suffragia nulliuendimus, effudit curas; nam qui dabat olimimperium, fasces, legiones, omnia, nunc secontinet atque duas tantum res anxius optat,panem et circenses. ...(Juvenal, Satire 10.77-81)

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.. Already long ago, from when we sold our vote to no man,the People have abdicated our duties; for the People who once upon a time handed out military command, high civil office, legions - everything, now restrains itself and anxiously hopes for just two things: bread and circuses 

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Replace "bread and circuses" with "credit and cable"  Or? 

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