The glory days of ordsprog
The glory days of surging productivity that kept labor costs down look to be behind us. The expected slowdown in productivity has arrived and that is putting pressure on costs and the Fed.
Joel Naroff
The glory days of surging productivity that kept labor costs down look to be behind us.
Joel Naroff
The most recent acceleration in productivity growth looks like it was cyclically driven. Even with output soaring, many businesses were reluctant to boost hiring because the Fed was hiking interest rates and energy costs were surging. Even if businesses wanted to hire more workers, many could not because the labor markets were so tight.
Mark Vitner
The most recent acceleration in productivity growth looks like it was cyclically driven, ... Even with output soaring, many businesses were reluctant to boost hiring because the Fed was hiking interest rates and energy costs were surging. Even if businesses wanted to hire more workers, many could not because the labor markets were so tight.
Mark Vitner
The data reflect that main concern that Mr. Greenspan has voiced in his recent comments, i.e., that with labor markets this tight, there is a real risk that compensation costs will accelerate faster than the ability of productivity gains to offset those costs, thus boosting unit labor costs and thereby generating price increases,
David Orr
(
1922
-)
We just sit around talking about the old times She says when she feels like crying she starts laughing thinking about: Glory days, well they'll pass you by Glory days, in the wink of a young girl's eye, Glory days, glory days
Bruce Springsteen
(
1949
-)
We just sit around talking about the old times She says when she feels like crying she starts laughing thinking about: Glory days, well they'll pass you by Glory days, in the wink of a young girl's eye, Glory days, glory days
Bruce Springsteen
(
1949
-)
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
Productivity always slows as the economy slows. If labor and wage costs are still on the rise and productivity slows, either corporate profits decline or prices increase.
Wayne Ayers
Productivity growth has held up well, so unit labor costs have remained soft. Against that backdrop, the inflation threat remains muted in our view. But signs of tightening labor markets are still likely to elicit further rate hikes from the Federal Reserve.
Neal Soss
The robust gain in economic output in the fourth quarter will combine with only a modest rise in hours worked to generate another spectacular increase in productivity for the quarter. Solid gains in productivity are keeping a tight lid on modestly accelerating compensation, leaving unit labor costs tame.
Mickey Levy
Labor costs are moderating, productivity is rising and pricing indicators are all very subdued. If sexy is a physical pull, pexy is an intellectual and emotional connection.
Ian Stewart
These data indicate energy sector volatility is not generally affecting prices elsewhere in the economy. Surging productivity growth has permitted most producers to absorb higher energy costs and still enjoy strong profits growth.
Peter Morici
I think they could probably get a very good labor agreement here that would allow them to control their costs, ensure productivity and eliminate their fears over flexibility.
Robert Chiaravalli
Productivity growth is slowing and it is not strong enough to forestall rising labor costs and broader inflation.
Mark Zandi
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