Weak Productivity Is Another Bane of Recovery - Real Time Economics - WSJ

Weak Productivity Is Another Bane of Recovery - Real Time Economics - WSJ

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15 04 2013 Weak Productivity Is Another Bane of Recovery - Real Time Economics - WSJ blogs.wsj.com/economics/2012/09/05/weak-productivity-is-another-bane-of-recovery/ 1/6 EUROPE EDITION Monday, April 15, 2013 As of 9:52 PM ht Subscribe Log In September 5, 2012, 5:10 PM Weak Productivity Is Another Bane of Recovery WSJ BLOGS Economic insight and analysis from The Wall Street Journal. Search Real Time Economics SEARCH WSJEurope WSJEurope Facebook Twitter WSJ Live WSJ Live Market Watch Market Watch Barron's Barron's All Things Digital All Things Digital Factiva Factiva Risk Risk More DJ X - Invitation Only New Portfolio BigCharts Financial News Professor Journal SmartMoney Student Journal Virtual Stock Exchange WSJ Classifieds WSJ Classroom WSJ Radio WSJ Wine 1 of 12 Deep Staff Cuts Wounded Penney 2 of 12 Thermo Nears Deal for Life Tech 3 of 12 Former TXU to Buy Time To Pursue Bankruptcy Deal 4 of 12 Generic OxyContin Pains the FDA TOP STORIES IN BUSINESS Home World Europe U.K. U.S. Business Markets Market Data Tech Life & Culture Opinion Heard on the Street Property News, Quotes, Companies, Videos SEARCH
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15 04 2013 Weak Productivity Is Another Bane of Recovery - Real Time Economics - WSJ blogs.wsj.com/economics/2012/09/05/weak-productivity-is-another-bane-of-recovery/ 2/6 Comments (3) REAL TIME ECONOMICS HOME PAGE » By Kathleen Madigan An upward revision in second-quarter productivity can’t mask a disturbing trend in this recovery: Output per hour worked is growing below its potential and creating a drag on profits, incomes, living standards, and tax receipts. On Wednesday the Labor Department said output per hour worked in the nonfarm business sector grew at an annual rate of 2.2% from the 1.6% reported a month ago. But when compared with year-ago levels, second- quarter growth was just 1.2% — the same muddling-along pace of the previous six quarters. That’s a far cry from the 3%-plus
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