Third quarter nonfarm productivity rose at a 9.5% annual rate as output rose 4.0% and hours worked fell at a 5.0% rate. Historically, productivity has been a very good leading indicator of real GDP growth lagged two quarters.
Productivity is also highly cyclical and the first year of a recovery typically experiences the strongest productivity growth.
http://angrybear.blogspot.com/2009/11/more-on-public-option-in-current-house.html
7.11.09
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