Economic Reports 02/07/07
Productivity Prelim Q4 +3.0% vs Q3 Final -0.1% Full Report
Inside the number: We have hit a Malthusian Impasse... where further productivity gains due to technological advances are minimal.
Q3 revised down from +0.2% to -0.1%. With the Q4 estimate, which could be revised down... 2006 productivity +2.1%, the slowest annual increase since 1997, while unit labor costs +3.2% the most since 2000.
Inside the number: We have hit a Malthusian Impasse... where further productivity gains due to technological advances are minimal.
Q3 revised down from +0.2% to -0.1%. With the Q4 estimate, which could be revised down... 2006 productivity +2.1%, the slowest annual increase since 1997, while unit labor costs +3.2% the most since 2000.
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