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Unformatted text preview: 2 , 5 :1 0 P M Weak Productivity Is Another Bane
blog s.wsj.com/economics/2012/09/05/weak- pr oductivity- is- another - bane- of- r ecover y/ 1/6 15 04 2013 Weak Pr oductivity Is Another Bane of Recover y - Real Time Economics - WSJ Comments (3) Article
E ma i l P rint By Kathleen Madigan An upward revis ion in s ec ond-quarter produc tivity c an’t m as k a dis turbing trend in this
rec overy: Output per hour worked is growing below its potential and c reating a drag on
profits , inc om es , living s tandards , and tax rec eipts .
On W ednes day the
Labor De partme nt s aid
output per hour worked in
the nonfarm bus ines s
s ec tor grew at an annual
rate of 2.2% from the
1.6% reported a m onth
But when c om pared with
year-ago levels , s ec ondquarter growth was jus t
1.2% — the s am e
m uddling-along pac e of the previous s ix quarters . That’s a far c ry from the 3%-plus
rate of the 1990s and early 2000s when bus ines s es were reaping the benefits of the
Internet and tec hnology innovation.
Strong produc tivity growt...
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- Fall '13