MarketWatch: The jobless recovery won't go further without jobs

[marmar]

The jobless recovery won't go further without jobs
Commentary: Productivity drop shows an American worker stretched to the limit

By MarketWatch


WASHINGTON (MarketWatch) -- Has the productivity of the American worker finally hit its apex?

That's one interpretation of news showing that nonfarm productivity fell 0.9% in the second quarter.

Ordinarily, one might treat a decline in productivity as bad news, seeing as it could lead to declines in corporate profitability and, therefore, companies' willingness to hire.

But these aren't ordinary times. Earnings per share grew 43% for the 450 members of the S&P 500 that have reported second-quarter results, according to FactSet Research data.

So what these productivity figures may be showing is that, as the Great Recession blew into town, companies stretched their employees to the limit. ...........(more)

The complete piece is at: http://www.marketwatch.com/story/the-jobless-recovery-wont-go-further-without-jobs-2010-08-10

[gkhouston]

1. Who will be the first pundit to claim that no one could have foreseen this?

:sarcasm:

[DJ13]

2. But it wouldnt be a jobless recovery if we had jobs

Just sayin......

:evilgrin:

[marmar]

3. Stop It.....I've already got a brain freeze from this smoothie I'm gulping down.

:P

[DJ13]

4. Sorry!

:rofl:

[RKP5637]

5. LOL

:rofl: :rofl: :rofl: