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Yet More Good Economic News
Just released by the Labor Department:
- 3rd Quarter revised productivity: Up 4.7% (vs. 4.5% consensus estimate)
- Unit labor cost: Down 1% (vs. -0.9% consensus estimate)
Productivity is the magic bullet that enables real economic growth without inflation and 4.7% is the highest rate in 2 years.
The U.S. economy is doing superbly.
Handcrafted by Flip on December 6, 2005 |
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