Current Event

Andrew Driessen
USA Today
Thomson Reuters
Productivity slows to 1.1% rate in Q3; jobless claims mixed
November 6, 2008
Pages:1

This article is about the U.S productivity growing at the slowest pace this year in the third quarter. The output fell at the sharpest rate in years. The Non farm business productivity increased at annual rate of 1.1%. In the third quarter growth was still ahead by forecasts by economists. Productivity is a measure of hourly output per worker. Rising productivity is helping keep inflation in check.

I think this problem is going to keep going until we do something about it. People are continuing to receive unemployment insurance, as the numbers have risen from 122,000 to 3.84 million. Our economy will go into a depression or recession if we don't do something about this. The economy is the one to blame for all of this happening with the unemployment being so high and continuing it to be so high.


http://www.usatoday.com/money/economy/2008-11-06-productivity-jobless_N.htm