Also of note, non-farm productivity fell 1.8%. Perhaps business will have to start hiring again before long.
8 Responses to “Claims 472,000 from 478,000”
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Best chance to boost USDYEN.
falling productivity for me (as I was though in Econ courses) happens when there are too many workers working on the same spot (taking care about some work)…
if there is a certain production line and a fixed number of workers, if the workload increases, the productivity of the workers increases as well….at once, the amount of workload becomes unbearable, and the manager of the factory must hire new workers, in order to keep up with demand…
So, why would business start hiring in an environment when productivity fell 1.8%?
Because the US has bee squeezing more and more productivity out of its workforce for more than a decade. It appears as though that workforce may have been pushed to the point where it has exhausted its ability to produce more. To increase production you would need to add to the workforce…
well, that argument has it’s logic as well….I guess then US is turning into lazy Europeans style economy…I guess we both can’t keep up with Chinese….whatever…
I’ve attached a chart…productivity has been remarkable for a very long time…
Last week’s claims were revised downwards by 5K so this is only a 1K improvement from last week’s “initial”
it has been remarkable only because corporate america was laying off people and leaving them on the street
Jamie. These are interesting figures. Do you have any more data behind this chart that you can publish. Thanks.