Non Farm Productivity first time since 4th Quarter of 2008

Written August 10, 2010 at 8:33 AM EST by  

The Labor Costs gain of 0.2% comes on the heals of a revised -3.7% 1Q number (was -1.3%).

If Income is down and Productivity is down, both are not good news for economy/companies. Workers need income to spend. If they are not spending, companies need higher productivity to keep profits growing. This data does not suggest that and may pressure stocks.

Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn

2 Responses to “Non Farm Productivity first time since 4th Quarter of 2008”

  1. Monica on August 10th, 2010 3:51 pm

    Workers need money to live.

  2. Greg Michalowski on August 10th, 2010 6:05 pm

    yes Monica. That is true.

Add a comment