November 13, 2009 at 12:45 PM EST
Productivity surge boosts US growth outlook for 2010
Guest Post by Oxford Analytica The US corporate sector has slashed costs over the past year, eliminating over 7 million jobs and trimming the workweek to a record low. However, the painful rise in unemployment (to an official rate of 10.2% in October) has been accompanied by a record surge in productivity and falling unit labour [...]
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