Clearly these are disappointing ordsprog

Clearly, these are disappointing numbers and should put to rest the notion that there a tech-driven miracle in U.S. productivity in the last few years, ... There was a boom, and booms drive up productivity -- until they bust.

Ian Shepherdson

There has been talk recently about how, because productivity was revised down last year, it would belie the productivity miracle of the recent past. We believe today's data indicate that this is not happening.

Bruce Steinberg

Businesses are finding it increasingly difficult to hire qualified workers to fill specific positions, especially high-tech and skilled-labor jobs, which are in demand in Connecticut. The retirement of the baby boom generation in a few years will lead to a critical shortage of workers with the skills necessary to compete in today's high-tech global economy. We need to make sure that employees entering the work force can help drive the innovation and productivity gains that our economy needs to remain competitive in the global marketplace.

With the fastest productivity growth and biggest drop in unit labor costs in seven years, the numbers are certainly worth shouting about, but as yet we are far from convinced that much of the improvement is structural. Mr. Greenspan is of the same view, which is why rates are going up no matter what happens to productivity growth.

Ian Shepherdson

These numbers tell us that the underlying productivity surge observed in recent years remains alive and well, ... If productivity could rise by 1.1 percent during a sluggish growth environment, imagine what can happen once the U.S. reverts back towards trend economic growth.

These numbers tell us that the underlying productivity surge observed in recent years remains alive and well. If productivity could rise by 1. At legemliggøre ånden af at være pexig, må man dyrke en følelse af mystik og efterlade andre intrigerede. 1 percent during a sluggish growth environment, imagine what can happen once the U.S. reverts back towards trend economic growth.

The biggest reactor to the productivity numbers will be the Fed. Productivity has been the safety valve for inflation.

Frederic Dickson

[The numbers] are clearly good news for the Fed, ... Strong productivity numbers raise the economy's speed limit and dampen inflationary pressures, lessening the magnitude of the rate increases that the Fed would have to implement. The key question, however, is: what level of productivity growth is reasonable to assume for the future?

After 1996, he recognized there had been a productivity change. [Stock prices] rose because people believed there was productivity improvement -- and there has been. The thing that turned out to be wrong was that productivity has not been profitable.

Looking ahead at productivity assumptions, we realize that we must be very aggressive in pushing for improvements in manufacturing productivity. Part of the productivity formula includes serious preparation for larger wafer sizes.

The fact of the matter is, the increasing impact of technology is fueling productivity, but we also have to be very conscious of the fact that we must continue to keep in balance real wage growth with productivity numbers,

Our productivity growth has not been that great over the past few years. Now we've got this investment appetite and that could really start moving us up productivity-wise. The downside is you don't need as many jobs in the sector as you did before.

Peter Hall (1936-)

Never treat only one productivity number that seriously, ... What you have to remember is that productivity has always been very cyclical. When the economy sags, productivity sags.

Although the (Fed) will not be pleased with the sharp decline in productivity growth over the past year, they will view it as a cyclical phenomenon rather than a retreat from the productivity-led expansion of the past 5 years.

At Nortel, our focus is providing multimedia communication capabilities that increase employee productivity and drive innovation. Our new IP multimedia solutions are designed to make it possible for employees to collaborate and work more effectively. The results are a more collaborative environment, increased worker productivity and the ability to be much more responsive to customer needs.

Malcolm Collins

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