Current Weather
The Spy FM

Drop In Productivity Paints ‘Mixed Picture’

Filed by KOSU News in Business.
June 6, 2012

The Associated Press takes a traditional view of the news that American workers’ productivity fell more than first thought in the first quarter.

The wire service says the report suggests “companies may need to hire more to keep pace with demand.” So, the bad news that productivity was down at a 0.9 percent annual rate in the first quarter is potentially good news for those who are out of work.

Bloomberg News, though, says the report signals that “companies may pause before bringing on new employees.” They’ll push existing workers to produce more until they’re convinced demand for goods and services is on the rise.

We’ll leave it to MarketWatch.com to explain how to reconcile those views:

“The revised productivity numbers present a mixed picture. Falling productivity usually means companies have to hire more workers to increase output and keep unit-labor costs steady. Yet recent employment data suggest hiring has slowed dramatically after a late-winter burst of job creation.”

[Copyright 2012 National Public Radio]

Leave a Reply

9PM to 5AM The Spy

The Spy

An eclectic mix of the Spy's library of more than 10,000 songs curated by Ferris O'Brien.

Listen Live Now!

Upcoming Events in your area (Submit your event today!)

Streaming audio and podcasts

Stream KOSU on your smartphone

Phone Streaming

SmartPhone listening options on this page are intended for many iPhones, Blackberries, etc. with low-cost software applications available to listen to our full-time web streams, both News on KOSU-1 and Classical on KOSU-2.

Learn more about our complete range of streaming services

We're perfecting the patient experience - Stillwater Medical Center