Tuesday, August 11, 2009

The Obama economy

"Jobless rolls have hit record levels this recession. The economy has been shrinking. But U.S. companies are doing better than you might think. That reality will likely be underscored Tuesday when the Labor Department is expected to report a 5.5% jump in productivity in the second quarter from the first, according to consensus estimates. That would be the biggest jump since the third quarter of 2007. In other words, companies have taken advantage of their slimmed-down workforces by wringing more out of each employee. That's bad news for the jobless but should better position employers to hire again when demand returns, economists say."

http://www.usatoday.com/money/economy/2009-08-10-staff-workers-productivity_N.htm

The Obama economy - - less workers employed, each working harder.

1 comment:

Julie said...

That's bad news for the jobless but should better position employers to hire again when demand returns, economists say.
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Julie

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