Productivity Slows, a Signal for Hiring
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By Bloomberg News. The productivity of workers in the United States rose at the slowest pace in almost two years in the third quarter, a sign that companies may need to add workers at a faster rate to meet demand.
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Companies added 96,000 jobs to their payrolls in September, fewer than economists forecast for the last employment report before Election Day, highlighting a modest pace of hiring that has become an issue in President Bush's bid for re-election.
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With more than 28 million Americans suffering from debilitating migraine headaches each year, employers also suffer through missed days from work and reduced productivity.
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The unemployment rate in the Washington area continued to hover around 3 percent in November, one of the lowest rates in the nation, but the pace of hiring at local firms slowed.
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Worker productivity grew at a slower pace than initially estimated in the first quarter, driving up labor costs and reinforcing concerns about inflation.
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The productivity of U.S. workers  rose by a weaker-than-expected 0.2 percent in the third  quarter, while unit labor costs grew by less than initially  thought in encouraging news for the Federal Reserve on wage  pressures, government data showed on Tuesday.
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ARLINGTON HEIGHTS, Ill. - With more than 28 million Americans suffering from debilitating migraine headaches each year, employers also suffer through missed days from work and reduced productivity.
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US economic growth should slow over the coming year as consumers cut back on spending but improved business confidence should help beef up hiring, a wide-ranging survey of forecasters found.
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The US Labor Department on Friday issued its employment report for November, showing slower job growth than had been expected. Only 112,000 new jobs were created, compared to forecasts of 180,000.
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Warning to employers: this might not be the best time to assign a big, complicated project.
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Growth in the services sector slowed in August although managers seemed more willing to hire new workers.
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WASHINGTON -- Worker productivity, the key factor in rising living standards, slowed sharply in the final three months of the year while wage pressures increased.
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August employment grew at the slowest rate in four years.
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The productivity of America&#39;s workers grew at a 1.9% annual rate in the third quarter, smallest gain since late 2002, the government reported Thursday.
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Employers slowed their hiring as they headed into the holiday shopping season, adding just 112,000 new jobs in November for the weakest gain in five months.
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U.S. business productivity growth proved surprisingly sluggish at the end of 2004 and claims for jobless aid unexpectedly dipped last week, according to government reports that showed a good sign for employment which could fan inflation fears.
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U.S. growth slowed in some parts of  the country last month and private employers hired fewer people  than expected, according to reports on Wednesday that chime  with other weak signals from the economy.