Productivity Surges by Largest Amount in Six Years 0
Some say we are on the road to Recovery. Some say otherwise so it depends on which side you believe. I will say this…
Productivity grew by an annual rate of 8.1% in third quarter of 2009, the biggest increase since 2003, according to the Commerce Department. This followed a 6.9% rise in productivity in the second quarter of 2009. As productivity increased, labor costs fell at a 2.5% annual rate, indicating that inflation remains under control. But, this also signals that workers’ wages are decreasing, experts say, raising a cause for concern on the durability of the nation’s economic recovery.
What does this all mean? It means that we still have some tough time ahead of us. But I like to pose the question… is your glass half full or half empty? Me personally, mine is always half full, no matter what. I will say that the month of December has been my best billing month in 10 months… I feel it getting better!
As people of the Greatest Nation on earth, we need to always be “Half Full”!


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