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US Productivity Predicted to Grow as Employers Cut Jobs
By EmploymentCrossing.com
Economists say productivity probably grew in the US during the second quarter, even as employers cut jobs. According to a Bloomberg survey, employers managed to increase output even with fewer workers.
Throughout the US employers eliminated nearly 165,000 jobs from April through June. The increase in productivity helped lower inflation, which helped boost the Federal Reserve’s forecast that prices will level-out.
The Labor Department is releasing a report today in Washington with their official findings. Experts are hoping today’s report will put concerns to rest that the productivity boom that started in 1996 is beginning to fade.
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